If targeted sales are 12,000 units, the sales price per unit is $70, fixed costs are $130,000, and variable costs are $40 per unit, then planned profit must be $360,000
Indicate whether the statement is true or false
False
You might also like to view...
Trusting one’s emotions, motives, complexities, abilities and potential inner conflicts refers to which component of authentic leadership?
a. self-awareness b. unbiased processing c. behaviors motivated by personal convictions d. transparency
The Taguchi-loss function is known as ______.
a. the quadratic function b. material-loss function c. compliance failure d. loss of process capability
Which one of the following options is not a type of swap?
A) the sale of foreign currency short-term forward against the purchase of foreign currency forward B) the purchase of foreign currency short-term forward against the sale of foreign currency long-term forward C) the purchase of foreign currency spot against the sale of foreign currency forward D) the sale of foreign currency short-term forward against the purchase of foreign currency long-term forward
A long straddle
A) consists of selling and writing an equal number of puts and calls with different strike prices but the same expiration date and the same underlying security. B) is a strategy based on the expectation that the price of the underlying security will be relatively constant. C) consists of buying a call at one strike price and then writing a call at a higher strike price. D) is a strategy that produces profits when the price of the underlying security moves significantly in either direction.