This morning, Mary bought a ten-year, $1000 par value bond with a 7.0% coupon rate and annual payments. She paid $994 for the bond. If the market interest rate on this type of bond decreases to 6.5% tonight, how much will Mary receive for her first coupon payment?a. $32.50.b. $35.00.c. $65.00.d. $69.58.e. $70.00.

Answers

Answer 1

Answer:

e. $70.00

Explanation:

The coupon payment is the amount received by the bondholder on a periodic basis during the life of the bond which is based on the bond's face value which in this case is $1000

Note that the coupon payments are expected to be made once a year.

Coupon payment=bond face value*coupon rate

bond face value=$1000

coupon rate=7%

annual coupon payment=$1000*7%

annua coupon payment=$70.00


Related Questions

Which source of funding would be most appropriate if you were starting a
business from your home and you only needed to buy a computer and pay for
Internet service to get started?
A. Selling property
B. Applying for a bank loan
C. Using a credit card
D. Seeking venture capital

Answers

Answer:

a credit card would be better ..cause it has a convenient pay method

The source of funding that would be most appropriate if we were starting a business is using a credit card. The correct option is c.

What is a credit card?

A credit card is a payment card issued to users to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt that is to promise to the card issuer to pay them for the amounts plus the other agreed charges.

The card issuer is generally a bank or credit union, creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance. There are two credit card groups: consumer credit cards and business credit cards.

Most cards are plastic, but some are metal cards, stainless steel, gold, palladium, titanium, and a few gemstone-encrusted metal cards.

Learn more about credit, here:

https://brainly.com/question/1475993

#SPJ5

The assumptions of the production order quantity model are met in a situation where annual demand is 3650​ units, setup cost is​ $50, holding cost is​ $12 per unit per​ year, the daily demand rate is 20 and the daily production rate is 100. What is the production order quantity for this​ problem?

Answers

Answer:

156

Explanation:

Production order quantity can be calculated by: [tex]\sqrt{2*K*D / h*(1-x)}[/tex]

Where, K = Setup Cost , D = Annual demand, H = Holding cost , x = d/p (daily demand rate/ daily production rate).

Production order quantity = [tex]\sqrt{2 * 50 *3650/12 * (1 - 20/100)}[/tex]

Production order quantity = [tex]\sqrt{2 * 50 * 3650/12 * (1 - 0.2)}[/tex]

Production order quantity = [tex]\sqrt{2 * 50 * 3650/12 * 0.8}[/tex]

Production order quantity = [tex]\sqrt{2 * 50 * 304.17 * 0.8}[/tex]

Production order quantity = [tex]\sqrt{24333.6}[/tex]

Production order quantity = 155.9923075026458

Production order quantity = 156 (rounding off)

So, the production order quantity for this​ problem is 156

True or False: If Nick's Fire Engines were a competitive firm instead and $80,000 were the market price for an engine, decreasing its price from $80,000 to $60,000 would result in a decrease in the production quantity, but an increase in total revenue.

Answers

False. As the market price for a good falls the demand rises for a product. Hence the the production quantity of a good will rise long with total revenue, as revenue is the summation of costs and profits.

You own a portfolio that has $2,100 invested in Stock A and $3,200 invested in Stock B. If the expected returns on these stocks are 13 percent and 17 percent, respectively, what is the expected return on the portfolio?

Answers

Stock A: $2,100, 13%
Stock B: $3,200 17%

Stock A-> 2100 x .13 = 273
Stock B -> 3200 x .17 = 544

Add
273 + 544 = 817

Expected return is $817

Discuss about Financial System and its impact on the strategic Financial Management

Answers

Answer:

The modern Financial System is based on a central bank that controls the monetary base (but not the money supply), and in fractional reserve banking. The implicaton of this, is that banks loan out some of the money that they obtain as deposits, and in this process they create money.

Explanation:

The Financial System is influenced by this process of money creation, because when the money that circulates in the economy (the money supply) changes, interest rates also change.

Interest rates are the price of investment, and the most important indicator that a financial manager has to take into account when making a financing decision.

Financial managers must also take into account the different types of financial institutions that exist, from hedge funds, to commercial banks, to cooperatives, and the different types of securities, from stocks, to bonds, to derivatives and futures.

What kind of ideas are not patentable according to the U.S. Patent Office?

Answers

1. A discovery, scientific theory or mathematical method.

2. An aesthetic creation.

3. A scheme, rule or method for performing a mental act, playing a game or doing business, or a computer program.

4. A presentation of information.

5. A procedure for surgical or therapeutic treatment, or diagnosis, to be practised on humans or animals.

Answer:

A presentation of information

Explanation:

Click this link to view O*NET's Work Activities section for Architects. Note that common activities are listed toward the
top, and less common activities are listed toward the bottom. According to O*NET, what are common work activities
performed by Architects? Check all that apply.
repairing and maintaining mechanical equipment
communicating with persons outside of the organization
drafting, laying out, and specifying technical devices, parts, and equipment
using dynamic flexibility to repeatedly bend, stretch, or twist with arms or legs
using night vision and peripheral vision
making decisions and solving problems
thinking creatively

Answers

Answer:

communicating with persons outside of the organization

drafting, laying out, and specifying technical devices, parts, and equipment

making decisions and solving problems

thinking creatively

Answer:

B, C, F, G

Explanation:

See attachment

I purchased my home for $297,000 in 2015. Today it is worth approximately $520,000. What has my compounded annual rate of return been on this investment over the five years that I have owned my home?

a. 68.35%
b. 13.67%
c. 10.98%
d. 54.9%

Answers

Answer:

A because Brainly is here for kids to cheat on.

Explanation:

The answer is A) 68.35%

Crane Company issues $255,000, 20-year, 6% bonds at 103. Prepare the journal entry to record the sale of these bonds on June 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Answers

Answer:

June 1, 2022

Cash                                                 262650 Dr

    Bonds Payable                                   255000 Cr

    Premium on bonds payable              7650 Cr

Explanation:

As the bonds with a face value of $255000 are issued at 103%, this means that they are being issued at a premium of 3 percent. The premium on bonds payable will be,

Premium on bonds payable = 255000 * 0.03 = 7650

We will debit the cash received from issuing the bonds that is face value of the bond plus premium. The cash receipt will be = 255000 + 7650 = 262650

The journal entry will be to be to debit cash and credit bonds payable and premium on bonds payable

Mary Cooper just purchased 120 shares in the All-American Fidelity Fund. The purchase cost for each share was $30. If this fund charges a 4 percent load, what is the total amount of commission she will pay the investment company?

Answers

Answer: $144

Explanation:

First calculate how much she spent to buy the shares;

= 120 * 30

= $3,600

The fund charges a 4% load so the total compensation paid is;

= 3,600 * 4%

= $144

The Firm X just paid a dividend of $1.26 per share on its stock. The dividends are expected to grow at a constant rate of 5% per year indefinitely. If investors require a 10% return on Firm X stock, what is the current price?

Answers

Answer: $26.46

Explanation:

The value of the stock can be solved using the Gordon growth model.

[tex]= \frac{Current dividend * (1 + growth)}{required return - growth rate} \\\\= \frac{1.26 * (1 + 0.05)}{0.10 - 0.05}\\\\= 26.46[/tex]

= $26.46

Compare the opportunities and threats that small businesses face. Which opportunities are most compelling

Answers

Answer:

Explanation:

The main opportunity that small businesses face (and the most compelling one) is the chance to be successful, make lots of profit and grow exponentially. If a small business has a great product, marketing, and strategy they can begin to become immensely profitable which leads to exponential growth. On the other hand, small businesses usually face competition as their biggest threat. When entering a new market there are bound to be a large number of competitors that can outprice your products and ultimately run you out of business if the small business does not have a proper strategy in place.

What are the difference between aims and goal​

Answers

Answer:

Goal is a set target that a person wants to achieve, while Aim is the determined course a person sets to achieve a target.

Below is a table for the present value of $1 at Compound interest.

Year 6% 10% 12%
1 0.943 0.909 0.893
2 0.890 0.826 0.797
3 0.840 0.751 0.712
4 0.792 0.683 0.636
5 0.747 0.621 0.567

Below is a table for the present value of an annuity of $1 at compound interest.

Year 6% 10% 12%
1 0.943 0.909 0.893
2 1.833 1.736 1.690
3 2.673 2.487 2.402
4 3.465 3.170 3.037
5 4.212 3.791 3.605

Using the tables provided, if an investment is made now for $23,700 that will generate a cash inflow of $7,900 a year for the next 4 years, the net present value (rounded to the nearest dollar) of the investment, assuming an earnings rate of 10%, is:________

Answers

Answer: $‭1,343‬

Explanation:

Net Present Value = Present value of Cash inflows - Present value of Cash outflows

Cash inflows are constant and so are an annuity.

Present value of Cash inflows = Annuity * Present value interest factor of annuity, 4 years, 10%

= 7,900 * 3.170

= $‭25,043‬

Net Present Value = ‭25,043‬ - 23,700

= $‭1,343‬

This year Mary received a $600 refund of state income taxes that she deducted on her tax return last year. Mary included a total of $8,450 of state income taxes when she itemized deductions last year. What amount of the refund, if any, should Mary include in her gross income this year?

Answers

Answer:

$600

Explanation:

If instead of itemizing, Mary had elected the standard deduction last year, then she wouldn't have to include any state income tax refund on her current gross income. But since she itemized her deductions and actually deducted these $600 from her gross income last year, she must include them in he current gross income.

Jane wrote a check for $10, but was so careless and negligent that it was easy to alter. She gave this check to Ben, who changed the check to read $1,000. The alteration was pretty obvious to anyone who saw the check, but when he cashed the check at Jane’s bank, they deducted $1,000 from Jane’s account. If Jane sued the bank for the loss, would she be able to recover? If so, how much could she recover, and how would that be determined?

Answers

Answer: Yes, she will be able to recover her full loss.

Explanation:

Both of these changes happen simultaneously in a market: the supply of good X falls and the demand for good X rises. This will result in:_______

a. an increase in both the equilibrium price and quantity in the market.
b. an increase in the equilibrium quantity and an uncertain impact on the equilibrium price
c. a decrease in both the equilibrium price and quantity in the market.
d. an increase in the equilibrium price and an uncertain impact on the equilibrium quantity.

Answers

Answer:

d.

Explanation:

This scenario will result in an increase in the equilibrium price and an uncertain impact on the equilibrium quantity. This is because when customers in a market want a product but there is very little supply exists it makes the product more valuable and thus increases the price since consumers are willing to pay more for that product to get their hands on it. Scarcity increases price always, but while the supply and demand of a product are not the same this causes an uncertain impact on the equilibrium quantity.

Question 2 of 10
Which action is a bank most likely to take when evaluating a loan application
from a person with a low credit score and a poor credit history?
A. Reducing the interest rate to encourage the person to borrow
more
B. Increasing the value of the loan to earn more interest over time
O C. Denying the loan because the person is unlikely to pay it back
O D. Requiring the person to take more than one loan at a time
SUBMIT
PREVIOUS

Answers

Answer:

C is the correct answer

Explanation:

Denying the loan because the person is unlikely to pay it back is a bank most likely to take when evaluating a loan application from a person with a low credit score and a poor credit history.

What is loan application?

Borrowers apply for loans via a loan application. Through the loan application, borrowers provide vital financial information to the lender.

The loan application is crucial in determining whether or not the lender will approve your funding or credit request.

Thus, option C is correct.

For more details about loan application, click here

https://brainly.com/question/16053104

#SPJ2

Investing activities do not include the:

a.Purchase of plant assets.

b.Loaning of money in exchange for notes receivable.

c.Issuance of common stock.

d.Sale of plant assets.

e.Sale of short-term investments other than cash equivalents.

Answers

Answer:

c.Issuance of common stock.

Explanation:

Investing activities lead to an increase in business cash flows.  Investing involves spending money with the expectation of making higher returns.

Some investing activities include

1. Purchase or acquisition of assets to be used in the production process.

2. Sale of business assets

3. Acquisition or sale of other business

Issuing of common stocks is not considered an investment option. Common shares are issued when companies need to raise additional capital.  Issuance of common shares is a financing activity.

A machine costing $37,500 with a 5-year life and $2,300 residual value was purchased January 2. Compute depreciation for each of the five years, using the double-declining-balance method.

Answers

Answer:

11,250

Explanation:

Equipment that was purchased for $900,000 has a current book value of $450,000. Assume a capital gains tax rate of 28%. Compute the net tax payment or savings if you sell the equipment for $636,400.

Answers

Answer:

there is an increase in taxes of $52,192

Explanation:

The computation of the net payment or saving is shown below:

Given that

Book value = $450,000

Sale value = $636,400

since the sales value is more than the book value so here the capital profit is there

Therefore capital profit would be

= $636,400 - $450,000

= $186,400

Now tax would be

= $186,400 × 28%

= $52,192

So there is an increase in taxes of $52,192

A company desires to sell a sufficient quantity of products to earn a profit of $300000. If the unit sales price is $32, unit variable cost is $12, and total fixed costs are $800000, how many units must be sold to earn net income of $300000?a) 168,750 unitsb) 90,000 unitsc) 112,500 unitsd) 67,500 units

Answers

Answer:

55,000 units

Explanation:

Calculation for how many units must be sold

Using this formula

Units to be sold=Total fixed costs +Profit/(Sales price-Variable cost )

Let plug in the formula

Units to be sold =($800,000+$300,000)/($32 -$12)

Units to be sold=$1,100,000/$20

Units to be sold=55,000 units

Therefore units that must be sold to earn net income of $300000 will be 55,000 units

In contrast, suppose that the CPI was 110 last year and is 108 this year. What is this year’s inflation rate? In contrast, suppose that the CPI was 110 last year and is 108 this year. What is this year's rate of inflation? What term do economists use to describe this second outcome?

Answers

Answer and Explanation:

The computation is shown below:

The Rate of inflation is

= (CPI this year - CPI last year) ÷ (CPI last year) × 100

= (121 - 110) ÷ 110 × 100

= 10%

Now for other

The Rate of inflation is

= (CPI this year - CPI last year) ÷ (CPI last year) × 100

= (108 - 110) ÷ 110 × 100

= -1.81%

Here the term i.e. used for the negative rate of inflation is deflation

The same is to be considered

Dartmouth Assessment Centre screens and trains employees for a computer assembly firm in Halifax. The progress of all trainees is tracked and those not showing the proper progress are moved to less demanding programs. By the tenth repetition, trainees must be able to complete the assembly task in 1 hour or less. Torri Olson-Alves has just spent 5 hours on the fourth unit and 4 hours completing her eighth unit, while another trainee, Julie Burgmeier, took 4 hours on the third and 3 hours on the sixth unit. Should you encourage either or both of the trainees to continue? Why?

Answers

Answer:

Discourage Torri from continuing. Encourage Julie to continue.

Explanation:

The progress of all trainees is tracked. Those not showing good progress are moved to less demanding programs. This means that there is hope of still doing/getting a job, if they don't pass this test.

REQUIREMENT: By the 10th time doing the test, trainees must be able to complete the task in a maximum of 1 hour.

1st Trainee: Torri Olson-Alves

5 hours on Unit 4;   4 hours on Unit 8

Should Torri be encouraged to continue? NO.

There are 10 units or repetitions in all. If Torri spends 5 hours on Unit 4 and spends 4 hours on Unit 8, then Torri is slow or isn't making much progress. After 4 repetitions, her marginal product only increased by an hour. She most likely won't make it to 1 hour by the 10th repetition.

2nd Trainee: Julie Burgmeier

4 hours on Unit 3;   3 hours on Unit 6

Should Julie be encouraged to continue? YES.

Julie makes a progress of 1 hour after 3 repetitions. We can predict that after another 3 repetitions (on Unit 9) progress would be made again and by Unit 10, she would have met the required benchmark.

When the economy is in a recession, the government will want to increase output. If the multiplier equals 2.7 and the government increases spending by 145, how much will output increase by?

Answers

Answer:

the increase in the output is 391.50

Explanation:

The computation of the increase in the output is shown below:

Given that

The Multiplier is 2.7

And, there is an increase in government spending by 145

So, the output would increased by

= Multiplier × increase in government spending

= 2.7 × 145

= 391.50

Hence, the  increase in the output is 391.50

We simply applied the above formula so that the correct value could come

And, the same is to be considered

HP sells an inexpensive printer for an entry-level user, but the printer cartridges that need continual replacement are fairly expensive. This demonstrates the concept of ________.
A) product line pricing
B) captive pricing
C) price bundling
D) reference pricing
E) prestige pricing

Answers

Answer:

B)) captive pricing

Explanation:

From the question, we are informed about how HP sells an inexpensive printer for an entry-level user, but the printer cartridges that need continual replacement are fairly expensive. This demonstrates the concept of captive pricing. Pricing is essential in business because production process isn't complete until goods reach to the consumer. pricing strategy utilize the strategy of using advantage over a product so that large volume of customers can be drawn to patronize the product. Captive product pricing can be regarded as the pricing of goods which can be described as goods that posses a “core product” as well as number of “accessory products.”

Goodwill is: Group of answer choices Amortized over the greater of its estimated life or forty years. Only recorded by the seller of a business. The excess of the fair value of the consideration exchanged for the company over the fair value of net assets acquired. None of these.

Answers

Explanation:

Goodwill in accounting is an intangible asset that arises when a buyer acquires an existing business. Goodwill represents assets that are not separately identifiable. Goodwill does not include identifiable assets that are capable of being separated or divided from the entity and sold, transferred, licensed, rented, or exchanged, either individually or together with a related contract, identifiable asset, or liability regardless of whether the entity intends to do so. Goodwill also does not include contractual or other legal rights regardless of whether those are transferable or separable from the entity or other rights and obligations. Goodwill is also only acquired through an acquisition; it cannot be self-created. Examples of identifiable assets that are goodwill include a company’s brand name, customer relationships, artistic intangible assets, and any patents or proprietary technology. The goodwill amounts to the excess of the "purchase consideration" (the money paid to purchase the asset or business) over the net value of the assets minus liabilities. It is classified as an intangible asset on the balance sheet, since it can neither be seen nor touched. Under US GAAP and IFRS, goodwill is never amortized, because it is considered to have an indefinite useful life. Instead, management is responsible for valuing goodwill every year and to determine if an impairment is required. If the fair market value goes below historical cost (what goodwill was purchased for), an impairment must be recorded to bring it down to its fair market value. However, an increase in the fair market value would not be accounted for in the financial statements. Private companies in the United States, however, may elect to amortize goodwill over a period of ten years or less under an accounting alternative from the Private Company Council of the FASB.

The risk associated with dispersion around an expected value (e.g., expected return) is measured by the:_______

a. beta coefficient
b. ​range (i.e., high‑low values)
c. ​standard deviation
d. ​debt to total assets (i.e., the debt ratio)

Answers

Answer:

C. Standard deviation

Explanation:

Select the correct answer
Which factor increases the risk of is project delays?
Options on picture

Answers

Answer:

B. Shortage of technical staff

Explanation:

It's 100% not D. I took the test and got it wrong

Johnson Company has current year accounts payable of $25,000 and cost of goods sold of $100,000. Compute Johnson Company’s days’ payable outstanding.

Answers

Answer:

the days payable outstanding is 91.25 days

Explanation:

The computation of the days payable outstanding is  shown below:

Days' payable outstanding is

= (Accounts Payable ÷  Cost of goods sold) × total number of days in a year

= ($25,000 ÷ $100,00) × 365 days

= 91.25 days

We simply applied the above formula so that the correct value could come

And, the same is to be considered

Hence, the days payable outstanding is 91.25 days

Other Questions
help me please Select the correct answer.What is the product of Which colonial region had the largest area of land? a Southern Colonies. b Middle Colonies c New England why do most Jews don't believe in Jesus To round a number, look at the digit to the right of theChapterplace value to which you are rounding.1 If the digit is 5 or more, round up. If the digit is less than 5, round down.Round upAdd 1 to the146 rounded to the nearest ten is 150.number in the placevalue to which youThis is the Since 6 is greater than 5, round theare rounding.tens place. 4 up to 5.Make the digits tothe right of it o.45.23 rounded to the nearest tenth is 45.20.Round downDo not change thenumber in the placeThis is the Since 3 is less than 5, the 2 stays thevalue to which youtenths place. same.are rounding.Make the digits to2. Underline the tens digit. Round to the nearest ten.the right of it o.a) 36b) 162c) 1053. Underline the hundreds digit. Round to the nearest hundred.a) 732b) 675C) 18254. Underline the tenths digit. Round to the nearest tenth.a) 0.37b) 74.55c) 15.235. Underline the hundredths digit. Round to the nearest hundredth.a) 1.212b) 3.427c) 0.351 Mallory's mom gave her $25.00 to buy school supplies. Mallory needs to buy 5 notebooks and some mechanical pencils. If each notebook costs $2.19 and each mechanical pencil costs $1.50, how many mechanical pencils can Mallory buy using only the money her mom gave her? In your hands, my fellow citizens, more than in mine, will rest the final success or failure of our course. Since this country was founded, each generation of Americans has been summoned to give testimony to its national loyalty. The graves of young Americans who answered the call to service surround the globe.Now the trumpet summons us againnot as a call to bear arms, though arms we need; not as a call to battle, though embattled we arebut a call to bear the burden of a long twilight struggle, year in and year out, rejoicing in hope, patient in tribulationa struggle against the common enemies of man: tyranny, poverty, disease, and war itself.Can we forge against these enemies a grand and global alliance, North and South, East and West, that can assure a more fruitful life for all mankind? Will you join in that historic effort?In the long history of the world, only a few generations have been granted the role of defending freedom in its hour of maximum danger. I do not shrink from this responsibilityI welcome it. I do not believe that any of us would exchange places with any other people or any other generation. The energy, the faith, the devotion which we bring to this endeavor will light our country and all who serve itand the glow from that fire can truly light the world.And so, my fellow Americans: ask not what your country can do for youask what you can do for your country.My fellow citizens of the world: ask not what America will do for you, but what together we can do for the freedom of man.Finally, whether you are citizens of America or citizens of the world, ask of us here the same high standards of strength and sacrifice which we ask of you. With a good conscience our only sure reward, with history the final judge of our deeds, let us go forth to lead the land we love, asking His blessing and His help, but knowing that here on earth Gods work must truly be our own.Which of the following basic sentence structures appear in the passage?I. simpleII. complexIII. compound-complexA.I onlyB.I and IIC.I and IIID.II and III E.I, II, and III A measuring tape unwinding from a drum of radius r.The center of the drum is not moving; the tape unwinds as its free endis pulled away from the drum. Neglect the thickness of the tape, sothat the radius of the drum can be assumed not to change as the tapeunwinds. In this case, the standard conventions for the angularvelocity omega and for the (translational) velocity v of the end of the tape result in a constraint equation with a positive sign (e.g., if v>0, that is, the tape is unwinding, then \omega > 0 also).Assume that the function x(t) represents the length of tape that has unwound as a function of time. Find (t), the angle through which the drum will have rotated, as a function of time. Express your answer (in radians) in terms of x(t) and any other given quantities.Express your answer (in radians) in terms of x(t) and any other given quantities.(t)=x(t)/r Whoever has the funniest storys wins brainliest, the points from the question and good luck tehehe(Requirments)As much as you can rightSUPER FUNNYHUrry and AnsWer MY GuYs HeHePart 2 !Please only answer if you know! :) What is the soloution to the equation 30.16= 17.56 + -5xA- 6.032B- 3.512C- 12.6D- 2.52 Can SOMEONE HELP ME PLZ!!!! A person stands at the deep end of a swimming pool and looks at his dive mask which is at the bottom of the pool at a depth of 3.19 m. The index of refraction for water is 1.33. At what depth does the person see his dive mask (apparent depth in meters)? Your answer should be a number with three decimal places, do not include the unit. please help with my french i will give you brainliest if you answer correctly please help (20 points also if you answer) What should Joe do next?Joe is a counselor at a summer camp for children ages13 to 16. During an activity, one of the campers slippedand hit his head. Joe immediately checked forconsciousness and found that the boy was notbreathing.O Call 911.O Do compressions.O Do compressions while calling 911.O Do gentle rescue breathing while calling 911. What is one of the ways the FITT principle will allow you to design a workout program for yourself. Please help !! ASAP FOR BRAINLIEST! May you please help im begging ii will give out branilyist What is Xd and tbhPls tell em Rachel decided to have bouncy balls as a party favor.She determines that her ratio of bouncy balls to guests is9:3. Explain how to find the number of balls needed for 30guests.IPLEASE HELP FAST! 5) February is a busy time at Charlie's Chocolate Shoppe! During the week before Valentine's Day, Charlie advertises that his chocolates will be selling for $1.80 a piece (instead of the usual $2.00 each). The fixed costs to run the Chocolate Shoppe total $450 for the week, and he estimates that each chocolate costs about $0.60 to produce. Charlie estimates that he can produce up to 3,000 chocolates in one week. a) Write a function, C(n), to represent Charlie's total costs for the week if he makes n chocolates b) Write a function. R(n), to represent the revenue from the sale of n chocolates during the week before Valentine's Day. c) Write a function. P(n), that represents Charlie's profit from selling n chocolates during the week before Valentine's Day. Show complete work to find the function.