The Wall Street Journal has the following monthly data for the newspapers sold a
ID: 2690694 • Letter: T
Question
The Wall Street Journal has the following monthly data for the newspapers sold and the total costs Month Issues Sold Total Cost January 1,000,000 $20,000,000 February 950,000 $19,100,000 March 1,050,000 $21,060,000 April 1,200,000 $23,000,000 May 1,060,000 $21,075,000 June 800,000 $18,000,000 Use the high-low method to determine the total cost that the Wall Street Journal will incur if it is forecasting to sell 750,000 newspapers in July. a. $17,625,000 b. $17,500,000 c. $17,375,000 d. $17,250,000Explanation / Answer
c. $17,375,000
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