Junior Bodway, Inc., has provided the following budgeted data: Sales 10,000unitsSelling price$50per unitVariable expense$30per unitFixed expense$180,000 How many units would the company have to sell in order to have a net operating income of $40,000?
A. 7,333 units
B. 9,000 units
C. 20,000 units
D. 11,000 units
Answer: D
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The basic purpose of informational reports is
A) to persuade the audience to act. B) to present recommendations and conclusions to a superior for how to solve a particular problem. C) to present data, facts, feedback, and other types of information, without analysis or recommendations. D) to convince the reader of the soundness of your thinking. E) to change the audience's opinion on your topic.
In terms of an advertising agency selection process, a shootout includes viewing:
A) goal setting processes B) selection criteria C) references D) creative pitches
When a company's district managers submitted their preliminary budget proposals, top management discovered that the southern district manager had requested a new project management information system. Unfortunately, the system is incompatible with the system used at headquarters. Which of the following advantages of budgeting reduces the likelihood that the company will end up with two incompatible systems?
A. Performance measurement B. Coordination C. Planning D. Corrective measures
Ethan paid $3 for a bottle of ThirstAid. Later while on a hiking trip, she was offered $8 for the ThirstAid. Select the correct statement from the following:
A. If Ethan drinks the ThirstAid, no opportunity cost is associated with his decision. B. The $3 original purchase price is irrelevant to his decision to sell the ThirstAid. C. The $8 offer is not relevant if Ethan refuses to sell the ThirstAid. D. All of the above.