Paws and Whiskers Grooming was reviewing its electricity bill and determined that the highest bill, $4,500, occurred in July when they groomed 500 pets, and the lowest bill, $3,000, occurred in January when they groomed 300 pets. What is the variable cost per pet associated with Paws and Whiskers' electricity bill? (a) $6.00 (b) $7.50 (c) $9.00 (d) $8.00

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Paws and Whiskers Grooming was reviewing its electricity bill
and determined that the highest bill, $4,500, occurred in July
when they groomed 500 pets, and the lowest bill, $3,000,
occurred in January when they groomed 300 pets.
What is the variable cost per pet associated with Paws and
Whiskers' electricity bill?
(a) $6.00
(b) $7.50
(c) $9.00
(d) $8.00
Transcribed Image Text:Paws and Whiskers Grooming was reviewing its electricity bill and determined that the highest bill, $4,500, occurred in July when they groomed 500 pets, and the lowest bill, $3,000, occurred in January when they groomed 300 pets. What is the variable cost per pet associated with Paws and Whiskers' electricity bill? (a) $6.00 (b) $7.50 (c) $9.00 (d) $8.00
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