Use the Following Information to Determine the Break-Even Point in Units

question 71

Multiple Choice

Use the following information to determine the break-even point in units (rounded to the nearest whole unit) :

• A)12,828
• B)26,571
• C)8,455
• D)46,667
• E)24,800

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Definitions:

HST

Harmonized Sales Tax, a combined tax that includes both federal and provincial sales taxes in some Canadian provinces.

Financial Liability

An obligation to pay money to another party, including loans, bond issuances, and accounts payable.

Notes Payable

A formal, written agreement to pay a certain amount of money, with interest, by a specified future date.

Deferred Revenue

Income received by a company for goods or services yet to be delivered or performed, recognized as a liability.