Figure 4-3

question 161

Multiple Choice

Figure 4-3. Paney Company makes calendars.Information on cost per unit is as follows:
Fixed marketing expense totaled $13,000 and fixed administrative expense totaled $35,000.The price per calendar is $10.
Refer to Figure 4-3.What is the break-even point in units?

• A)2,167
• B)5,833
• C)8,000
• D)12,000
• E)2,800

Recognize the effects of bonus issues, share dividends, and share splits on share price and shareholders' equity.

Understand how to utilize Word's Backstage view for file management, including creating electronic image files.

Master keyboard shortcuts for selecting items, deleting characters, and selecting paragraphs within Word.

Learn to manipulate graphic positioning and understand the options available for graphic placement in a document.

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Definitions:

Equilibrium Price

The price at which the quantity of goods supplied matches the quantity of goods demanded in the market.

Tooth Decay

The destruction of tooth enamel leading to cavities, influenced by factors like bacteria, sugary diets, and poor dental hygiene.

Consumer Surplus

Consumer surplus is the difference between what consumers are willing to pay for a good or service and what they actually pay, representing a measure of consumer benefit.

Producer Surplus

The additional income producers receive when they sell a product for more than the minimum they would have been willing to sell it for.