The sabian company manufactures drums and sells them to colleges for marching bands. this last quarter, sabian sold $500,000 with fixed costs of $150,000 and a contribution margin of $150,000. what were sabian’s variable costs for the quarter?

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Your father's employer was just acquired, and he was given a severance payment of $375,000, which he invested at a 7.5% annual rate. he now plans to retire, and he wants to withdraw $35,000 at the end of each year, starting at the end of this year. how many years will it take to exhaust his funds, i.e., run the account down to zero? a. 22.50 b. 23.63 c. 24.81 d. 26.05 e. 27.35