A company's product sells at $12 per unit and has a $5 per unit variable cost. The company's total fixed costs are $98,000. The break-even point in units is:
A. 5,158.
B. 14,000.
C. 8,167.
D. 19,600.
E. 7,000.
Answer: B
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Because they are in transition, the markets of Central and Eastern Europe present interesting opportunities and challenges which include:
A) new sources of growth. B) first mover advantage. C) exporting as an entry mode. D) lower wage rate. E) all of the above
Tran read a recent study focusing on self-managed work teams that improve or maintain top performance over time. Which of the following is not one of the conflict resolution strategies that these types of teams engage in?
A. They assign work based on volunteering, default, or convenience. B. They focus on the content of interactions rather than the delivery style. C. They explicitly discuss reasons behind any decisions in distributing work assignments. D. They assign work to members who have the relevant task expertise.
Suppose XYZ Corporation is traded on the New York Stock Exchange. XYZ's closing price on
Monday is $20 per share. After the market closes on Monday, XYZ makes a surprise announcement that it has obtained a major new customer. XYZ's stock will likely A) open above $20 because the positive news will result in a higher valuation even though the stock has not yet traded. B) remain at $20 per share because in efficient markets the price already reflects all information. C) open below $20 because the surprise announcement creates more uncertainty. D) open at $20 per share on Tuesday and then increase as more investors read the announcement in the Wall Street Journal.
Identify which of the following statements is false.
A) The "blockage" regulations allow the IRS to prevent the estate's executor from electing the alternate valuation date. B) If the alternate valuation date is elected, changes in value that occur solely because of a "mere lapse of time" usually are to be ignored. C) The alternate valuation date can be elected for estate tax purposes only if the election decreases the value of the gross estate and estate tax liability (after reduction for credits). D) If property is sold within 6 months of the date of death, the alternative valuation date is the date of sale.