Net loan proceeds show up as a debit to the broker only.

_______ heralded the demise of point-to-point ocean crossings.

Fill in the blank(s) with the appropriate word(s).

Antoine rents rooms in his hotel for an average of $100 per night. The variable cost per rented room is $20, to cover maid service and utilities. His fixed costs are $100,000 and his profit last year was $20,000. For Antoine, the contribution per unit is

A. $100 B. $40 C. $800 D. $1,000 E. $80