Heather is opening up a franchise selling ice cream. She is trying to determine how much to charge for each ice cream cone. Based on benchmarking data from her competition and franchise information, she anticipates that she will sell 500 ice cream cones a week. Her monthly costs include rent at $600, employee salaries of $3,500 a month, and additional overhead of $350 a month. Finally, it costs $.60 to make each ice cream. Based on this information, what price does Heather need to set for an ice cream cone in order to break-even?

Jamie is saving for a trip to europe. she has an existing savings account that earns 3 percent annual interest and has a current balance of $4,200. jamie doesn’t want to use her current savings for vacation, so she decides to borrow the $1,600 she needs for travel expenses. she will repay the loan in exactly one year. the annual interest rate is 6 percent. a. if jamie were to withdraw the $1,600 from her savings account to finance the trip, how much interest would she forgo? .b. if jamie borrows the $1,600 how much will she pay in interest? c. how much does the trip cost her if she borrows rather than dip into her savings?