Assume that a company operates a fleet of delivery trucks. If a truck is driven 80,000 miles during a year its average operating cost is 25 cents per mile. If a truck is driven only 60,000 miles during the year, its average operating cost is 30 cents per mile. Using the high-low method, which of the following equations best estimates the total mixed operating cost per year? a. $0.12
b. $0.15
c. $0.18
d. $0.10

Capital financial corporation will lend 90 percent against account balances that have averaged 30 days or less; 80 percent for account balances between 31 and 40 days; and 70 percent for account balances between 41 and 45 days. customers that take over 45 days to pay their bills are not considered acceptable accounts for a loan. the current prime rate is 16.50 percent, and capital charges 3.50 percent over prime to charming as its annual loan rate. a. determine the maximum loan for which charming paper company could qualify.