Walton's Warehouse reported sales of $640,000, a contribution margin of $8 per unit, fixed costs of $314,000, and a profit of $30,000 . How many units did Walton's Warehouse sell?
a. 3,750 units
b. 23,375 units
c. 43,000 units
d. 62,625 units
C
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Answer the following statement true (T) or false (F)
Eastern European countries, during their post Communism era, experienced a significant inflow of migrants. What was the source of the inflows?
a. Inflow from immigrants playing other communist countries b. Inflows from distant countries c. Inflow of highly qualified employees from EU countries d. Inflow from traditional exporting regions like turkey and North Africa
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Indicate whether the statement is true or false
Unlike the P&L and Cash Flow Statement the ________ can be kept to year-end figures for the purposes of startup business planning.
a. Startup Costs b. EBIT c. Income Statement d. Balance Sheet