Mix Sweet Shop bakes and sells pies. Mix has annual fixed costs of $880,000 and a variable cost per
pie of $7.50. Each pie sells for $15.50 each. The firm expects to sell 500,000 pies annually. What is
the break-even point in pies?
A) 190,440 B) 200,000 C) 280,000 D) 110,000
D
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Consistency in accounting means that a company uses the same generally accepted accounting principles from one accounting period to the next accounting period
Indicate whether the statement is true or false
Which of the following is true?
a. Employees receive stock rights as a form of compensation. b. Employees in general may not transfer or sell stock rights to others. c. Stock rights give shareholders the right to purchase shares of common stock at half-price. d. Stock rights usually do not trade in public markets. e. Firms grant stock rights to current shareholders.
Kellner Motor Co.'s stock has a required rate of return of 11.50%, and it sells for $25.00 per share. Kellner's dividend is expected to grow at a constant rate of 7.00%. What was the last dividend, D0?
A. $0.95 B. $1.05 C. $1.16 D. $1.27 E. $1.40
Criterion contamination occurs when differentsupervisors have different and inconsistent ratings of an employee's performance.
Answer the following statement true (T) or false (F)