If fixed costs are $500,000, the unit selling price is $55, and the unit variable costs are $30, what is the break-even sales (units) if fixed costs are increased by $80,000?
A) 10,545 units
B) 19,333 units
C) 23,200 units
D) 25,000 units
C
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Corporations represent the largest number of businesses in the United States
Indicate whether the statement is true or false
Robichau Inc. reported the following results from last year's operations: Sales$6,300,000Variable expenses 4,930,000Contribution margin 1,370,000Fixed expenses 803,000Net operating income$ 567,000Average operating assets$3,000,000At the beginning of this year, the company has a $900,000 investment opportunity with the following characteristics: Sales$1,530,000 Contribution margin ratio 30% of salesFixed expenses$306,000 The company's minimum required rate of return is 20%.The residual income for this year's investment opportunity when considered alone is closest to:
A. $153,000 B. ($27,000) C. $179,100 D. $0
Hsu Company reported the following on its income statement: Income before income taxes $420,000 Income tax expense 120,000 Net Income $300,000 An analysis of the income statement revealed that interest expense was $80,000. Hsu Company's times interest earned was:
A) 8.16 times. B) 6.25 times. C) 5.25 times. D) 5.91 times.
You know you are a member of a virtual team when your team members
A) work in different locations and communicate electronically with each other. B) work in the same location but you rarely communicate with each other. C) play video and computer games during breaks. D) are below standard in terms of productivity.