It costs $6,000 to start a production process. Variable cost is $2 per unit and revenue is $5 per unit. What is the break-even point?
A) 1000 units
B) 1111 units
C) 2000 units
D) 2500 units
Answer: C
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Misty Mountain Outfitters is a merchandiser of specialized fly fishing gear. Its cost of goods sold for Year 2 was $295,000, and sales were $690,000. The amount of merchandise on hand was $50,000, and total assets amounted to $585,000. What is the average number of days to sell inventory? (Round to the nearest day.)
A. 31 days B. 40 days C. 26 days D. 62 days
In the context of career choices, less-routine abilities tend to be more rewarding for most people than routine skills.
Answer the following statement true (T) or false (F)
All the following are coverages available in an ocean marine policy except:
A) freight B) cargo C) liability D) wharf physical damage coverage
Kai promised to repair Krystal's car on Thursday. After picking up the necessary part at a junkyard, he discovered he could not do the job after all and that the junkyard would not buy back the part. Krystal does not know about these developments. However, she thinks Kai will be finished with her car sometime today. What should Kai do?
A. Try to repair the car even though he does not really know how. B. Try to repair the car so he can at least get his money's worth out of it. C. Call Krystal to inform her of the problem, and recommend a reputable repair shop. D. Fake an emergency and contact Krystal on Monday. E. Stall for time to read up on car repairs so he can practice on Krystal's car.