Barclay Bikes manufactures and sells three distinct styles of bicycles: the Youth model sells for $300 and has a unit contribution margin of $105; the Adult model sells for $850 and has a unit contribution margin of $450; and the Recreational model sells for $1,000 and has a unit contribution margin of $500. The company's sales mix includes: 5 Youth models; 9 Adult models; and 6 Recreational models. If the firm's annual fixed costs total $6,500,000, calculate the firm's break-even point in total sales dollars.
A. $12,750,625.
B. $13,250,000.
C. $12,900,050.
D. $13,000,000.
E. $12,750,000.
Answer: D
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A. $ 300,000. B. $ 50,000. C. $ 275,000. D. $ 25,000.
Which of the following is an advantage of using cost-based pricing methods?
A) They consider external factors such as competition. B) They include consideration of the effects of demand. C) They are relatively simple to calculate. D) They make accurate cost estimating a simple process. E) They take the product life cycle into consideration.
Which of the following is true of the admission of a new general partner to an existing limited partnership?
A) Only limited partners can be admitted to an existing partnership. B) A limited partnership agreement cannot waive the right of partners to approve the admission of new general partners. C) The oral consent of all partners is enough for admission of a general partner. D) Consent of all general partners is sufficient for the admission of a new limited partner.
An advertising platform should consist of issues that are important to consumers. Selling features should be important to consumers and should be features that
A. competitive products lack. B. can be seen easily in a photograph. C. are familiar concepts to those in the target market. D. competitive products have as well. E. are reasonably inexpensive to develop.