Assume the following facts about a firm that sells just one product:
Selling price per unit = $24.00
Variable costs per unit = $18.00
Total monthly fixed costs = $2,500
What is the firm's annual breakeven volume in units?
A) 417 units
B) 1,250 units
C) 5,000 units
D) 1,667 units
C
You might also like to view...
Which of the following is true of real business-cycle models??
A. According to real business-cycle models the demand shocks are responsible for the business cycles. B. According to real business-cycle models government intervention is responsible for business cycles. C. According to real business-cycle models fluctuations in total factor productivity are responsible for business cycles. D. ?According to real business-cycle models erratic monetary policies are responsible for business cycles.
Analyzing an organization's data and identifying the relationships among the data is called _____.
Fill in the blank(s) with the appropriate word(s).
According to Pitsis (2008), the belief that employees seek meaningful and challenging work, desire autonomy and are driven by intrinsic needs is known as __________.
a. Theory Z b. Theory X c. Theory Y d. Theory X and Theory Y
Bankruptcy risk plays a role in the propagation of recessions by:
a. causing a backlog in the caseloads of bankruptcy courts. b. causing firms to increase capital expenditures as the economy begins to slow. c. forcing firms to pay down debt. d. straining the liquidity positions of both individuals and firms, both of which try to avoid bankruptcy by maintaining liquidity.