In: Accounting
Bridget LogueLogue is getting ready to open a small restaurant. She is on a tight budget and must choose between the following? long-distance phone? plans:
Plan? A: |
Pay 8 cents per minute of? long-distance calling. |
Plan? B: |
Pay a
fixed monthly fee of $18 for up to 340 ?long-distance minutes and 6
cents per minute thereafter? (if she uses fewer than 340 minutes in any? month, she still pays $18 for the? month). |
Plan? C: |
Pay a
fixed monthly fee of $24 for up to 460 long-distance minutes and 5
cents per minute thereafter? (if she uses fewer than 460 ?minutes, she still pays $24 for the? month). |
Requirement 1. Match the graphs to the total monthly costs of the three plans for different levels of monthly? long-distance calling.
Before we match the graphs to the? plans, complete the following? table, calculating the total costs for each plan at each of the different minute levels. ?(Round to the nearest? cent.)
Plan |
100 minutes |
340 minutes |
540 minutes |
A |
|||
B |
|||
C |
Calculation of Total Cost for each Plan at each of the different Minutes Level |
|||
Plan |
100 Minutes |
340 Minutes |
540 Minutes |
A |
$ 8.00 |
$ 27.20 |
$ 43.20 |
B |
$ 18.00 |
$ 18.00 |
$ 30.00 |
C |
$ 24.00 |
$ 24.00 |
$ 28.00 |
Calculations |
|||
Plan |
100 Minutes |
340 Minutes |
540 Minutes |
A |
(100*0.08) |
(340*0.08) |
(540*0.08) |
B |
(18)+(0*0.06) |
(18)+(0*0.06) |
(18)+(200*0.06) |
C |
(24)+(0*0.05) |
(24)+(0*0.05) |
(24)+(80*0.05) |