Corporation X sold 25,000 units of product last year. The contribution margin per unit was $2, and fixed expenses totaled $40,000 for the year. This year fixed expenses are expected to increase to $45,000, but the contribution margin per unit will remain unchanged at $2. How many units must be sold this year to earn the same net operating income as was earned last year:
A. 27,500
B. 22,500
C. 35,000
D. 2,500
Answer: A
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Gavin's position at Pharma-Tech involves purchasing complex manufacturing components, making decisions based on technical data, and creating detailed, scientific reports
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The finished goods account is the controlling account for the:
A) cost ledger B) materials ledger C) work in process ledger D) stock ledger
Beta Inc. manufactures electronic gadgets. The market researchers at Beta have discovered that a new competitor is gaining more customers by selling its products at lower prices
In the context of SWOT analysis, the marketers at Beta Inc. are most likely to consider this situation as a(n)_____. a. threat b. opportunity c. strength d. weakness
Will and Brenda live in New York City are both aged 66 and always file a joint tax return. During the current year, they provide all the support for their son who is 20, has no income, and is a part-time college student. Their daughter, age 22 and a full-time student at Columbia University, has $4,800 as income. Which of the following is true of Will and Brenda's tax return?
A. Neither their son nor their daughter is a dependent. B. Only their daughter is a dependent. C. Only their son is a dependent. D. Both their son and their daughter are dependents.