Business, 20.03.2020 03:52, emmasparkle54

Tom borrowed $40,000 from his parents to open a donut stand. He agrees to pay his parents a 5% yearly return on the money they lent him. His other yearly fixed costs equal $10,000. His variable costs equal $25,000. He sold 40,000 dozen donuts during the year at a price of $2.00 per dozen. Tom's total fixed costs equal:

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Tom borrowed $40,000 from his parents to open a donut stand. He agrees to pay his parents a 5% yearl...