Gardenia Corp

question 54

Multiple Choice

Gardenia Corp.has a selling price of $15,fixed costs of $25,000,and contribution margin of $65,000.If Gardenia sells 13,000 units,how much are variable costs per unit?

• A)$2.00
• B)$5.00
• C)$7.00
• D)$10.00

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Definitions:

Probabilistic Thinking

The ability to understand and reason with probabilities, recognizing that most predictions about the future involve some level of uncertainty.

Placebo Effect

Occurs when individuals receiving a placebo (a “dummy” version of a treatment) experience improvement in their symptoms and attribute the improvement to the placebo.

Relativistic Thought

The essence of postformal thought in which several truth systems exist describing the reality of the same event, and they appear to be logically equivalent.

Inherent Contradictions

Fundamental conflicts or inconsistencies within theories, propositions, situations, or within the nature of things that are often difficult to resolve.