Management insists that a purchase be made only if the break-even point for the purchase is at least 500 units. If the fixed cost is $600 and variable cost per unit is $3, what is the selling price that should be set to exactly achieve this break-even point?
a. $4.20
b. $5.00
c. $6.00
d. Cannot be determined from the information given
a. $4.20
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Indicate whether the statement is true or false
The rights or claims to the assets of a business may be subdivided into rights of creditors and rights of owners
Indicate whether the statement is true or false