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1  Jake sells kites for $15 each

Accounting

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1 

Jake sells kites for $15 each. The variable cost of each kite is $11 and the fixed costs of operating the little business is $300 per month. Jake is thinking of paying an extra $2 dollars per kite on an improved material from a relatively unknown overseas supplier and thinks he can then sell the kits for $20, if the fixed cost stay the same ($300 per month), what will the new break even amount of kites be per month (10 marks)?

2 

Abdullah deposited an amount of 4000 dinars for a period of 5 years and at a compound interest rate of 6%. Find the total amount?

a. 4000 kd

b. 5352.902 kd