How many units must BAC Company sell to break even if the selling price per unit is $8.50, variable costs are $4.00 per unit, and fixed costs are $9,000?
a. 1,000
b. 1,059
c. 2,000
d. 2,250
C
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An example of a cash equivalent is
a. a 120-day time deposit. b. notes receivable. c. accounts receivable. d. a 60-day certificate of deposit.
If the bonds were issued at 97 on April 1 . 2014, the amount of the discount amortized on July 1 (using the straight-line method) would be approximately
a. $25. b. $76. c. $67. d. $152.
Employee turnover for part-time workers is lower than that for full-time workers.
Answer the following statement true (T) or false (F)
Decisions are made when there are not only multiple states of nature, but they are also unpredictable and the decision maker cannot even make an educated guess about the chances, or probabilities, of their coming. This statement relates to which of the following scenarios?
a. decisions under certainty b. decisions under uncertainty c. decisions under state of nature d. decisions under risk