COSTS OF DOING BUSINESS

 Answer the following questions about Almighty Rimmer's costs.

11.  Are most of Almighty Rimmer's costs fixed or variable? _____________________

12.  Almighty Rimmer sold 1,200 bags at $10 each.  How much money did he earn from sales?_____________  

13.  Did the business earn a profit or suffer a loss for the month? _____________________

14.  How large was the profit or loss? ___________________

15.  Do you think the business will have larger costs in the future?  Explain why or why not.
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16.  Should Almighty Rimmer consider offering a wider line of products in the store?  Explain why orwhy not.
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