Bridget Cheungis getting ready to open a small restaurant. She is on a tight budget and must choose between the following long- Plan A: Pay $0.07 per minute of long-distance calling. Plan B: Pay a fixed monthly fee of $14 for up to 280 long-distance minutes and $0.05 per minute thereafter (if she uses fewer than 280 minutes in any month, she still pays $14 for the month). Plan C: Pay a fixed monthly fee of $23 for up to 440 long-distance minutes and $0.04 per minute thereafter (if she uses fewer than 440 minutes, she still pays $23 for the month). 1. Match the graphs to the total monthly costs of the three plans for different levels of monthly long-distance calling. 2. Which plan should Cheung choose if she expects to make 100 minutes of long-distance calls? 280 minutes? 480 minutes? 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 280 minutes 480 minutes A B C

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Bridget Cheungis getting ready to open a small restaurant. She is on a tight budget and must choose between the following long-

Plan A:	Pay $0.07 per minute of long-distance calling.
Plan B:	Pay a fixed monthly fee of $14 for up to 280 long-distance minutes and $0.05 per minute thereafter (if she uses fewer than 280 minutes in any month, she still pays $14 for the month).
Plan C:	Pay a fixed monthly fee of $23 for up to 440 long-distance minutes and $0.04 per minute thereafter (if she uses fewer than 440 minutes, she still pays $23 for the month).

Match the graphs to the total monthly costs of the three plans for different levels of monthly long-distance calling.

Which plan should

Cheung

choose if she expects to make 100 minutes of long-distance calls?

280

minutes?

480

minutes?

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.)