A manufacturer of cedar shingles has supplied the following data: Bundles of cedar shakes produced and sold 360,000Sales revenue$2,412,000Variable manufacturing expense$1,170,000Fixed manufacturing expense$714,000Variable selling and administrative expense$414,000Fixed selling and administrative expense$82,000Net operating income$32,000 The company's break-even in unit sales is closest to:
A. 14,775
B. 346,087
C. 206,957
D. 118,806
Answer: B
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Systems, contingency, and quality-management viewpoints are part of the ________ perspective.
A. behavioral B. scientific C. historical D. quantitative E. contemporary
Churchill Company planned to raise $100,000 by issuing bonds. The bond certificates were printed bearing an interest rate of 8%, which was equal to the market rate of interest. However, before the bonds could be issued, economic conditions forced the market rate up to 9%. If the life of the bonds is 6 years and interest is paid annually on December 31, how much will Churchill receive from the
sale of the bonds? a. Exactly $100,000 because Churchill Company would still pay interest at the face rate of 8%. b. Less than $100,000 because the market rate of interest at 9% was more than the face rate. c. Greater than $100,000 because the face rate of interest at 8% was less than the market rate. d. The bonds would not be sold at all; Churchill Company would have the certificates reprinted bearing the market rate of 9%.
Under which of the following legal forms of organization is ownership readily transferable?
A) sole proprietorships B) partnerships C) limited partnerships D) corporations
The largest source of new law comes from court decisions
Indicate whether the statement is true or false