You idolize Tony Stark and are excited that you can finally "be just like him"...
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You idolize Tony Stark and are excited that you can finally "be just like him" by opening your own hot dog stand. You have saved dollar 1.000 and will get a loan to pay for the rest of your fixed start up expenses. You approach a local bank and they have agreed to loan you the remaining dollar 6.000 for one year. Your interest expense will be dollar 800. Your variable costs will be identical to Mr. Stark's and you will also charge dollar 4 per hot dog. If you also sell 4,000 Ironman Dogs, what is your DOL? (Round to two decimal places) 1.18 1.61 2.13 2.50 The fact that you are getting a bank loan to pay for some of your start up costs will affect which of the following? DOL DFL DCL Both A and B Both B and C Your monthly payments will be dollar 567.36. What interest rate is the bank charging you? 12 percentage 14 percentage 22 percentage 24 percentage
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