1. We have been asked to analyze our denim jeans line by labor cost (from $13.00 to $16.00 by $0.25) and sales price (from $23.99 to $36.99 by $1.00).

Fixed Cost = $133,050 Material cost per pair = $8.26

Electricity cost per pair = $0.83 Quantity = 26,000

What is the profit at the highest sales price and highest labor cost?

Group of answer choices

$156,450

$254,350

$195,850

$176,350

2. You are looking to invest in your company's 401(k) for your retirement. Their conservative plan boasts an APR of approximately 4.5%.

Create a Data Table that varies the APR from 4.0% to 5.0% by 0.1%, and the number of years investing from 10 to 34 by 2.

If you invest $400 per month for 20 years, what APR must you earn to have a minimum of $155,000?

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