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Refer to Scenario 9.7 below to answer the question(s) that follow. SCENARIO 9.7: Julio borrowed $80,000 from his great aunt to open a coffee stand

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Refer to Scenario 9.7 below to answer the question(s) that follow. SCENARIO 9.7: Julio borrowed $80,000 from his great aunt to open a coffee stand at a local flea market. He agrees to pay his great aunt a 5% yearly return on the money she lent him. His other yearly fixed costs equal $16,000. His variable costs equal $60,000. He sold 50,000 cups of coffee during the year at a price of $3.00 per cup. 93) Refer to Scenario 9.7. Julio's total fixed costs equal A) $4,000. B) $16,000. C) $20,000. D) $80,000. 94) Refer to Scenario 9.7. Julio's total costs equal A) $20,000. B) $40,000. C) $60,000. D) $80,000. 95) Refer to Scenario 9.7. Julio's total revenue is A) $60,000. B) $80,000. C) $100,000. D) $150,000. 96) Refer to Scenario 9.7. Julio's profit is

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