The Textile Mill produces denim. The fixed monthly cost is $14,000, and the variable cost per yard of denim is $0.52. The mill sells a yard of denim for $1.10. Determine the following: A.) For a monthly volume of 22,000 yards of denim, determine the total cost, total revenue, and profit. B.) Determine the annual break-even volume for the Textile Mill. C.) If the maximum operating capacity of the Textile Mill described in Problem is 32,000 yards of denim per month, determine the break-even volume as a percentage of capacity.

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan