The phone bill for Company XYZ consists of two components. A fixed monthly subscription fee of $700 and a constant calling rate of $0.5 per minute. Assume that during February Company XYZ has a total call time of 10,700 minutes how much was the total phone bill ($) for the month of February?
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
![The phone bill for Company XYZ consists of two components.
A fixed monthly subscription fee of $700 and a constant
calling rate of $0.5 per minute. Assume that during February
Company XYZ has a total call time of 10,700 minutes how
much was the total phone bill ($) for the month of February?
a. 6,050
O b. 4,900
O C.
4,500
d. None of the given answers
e.
5,600
On alloration base:](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F996fa311-c8f8-494e-8285-128dddb50b59%2F34e9a223-adb2-4ee8-9ac3-7a9e44a21a92%2Futx850t_processed.jpeg&w=3840&q=75)
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