Megan,IncHas Fixed Costs of $400,000,sales Price of $40,and Variable Cost

question 4

Multiple Choice

Megan,Inc.has fixed costs of $400,000,sales price of $40,and variable cost of $30 per unit.How many units must be sold to earn profit of $80,000?

• A)2,000
• B)10,000
• C)40,000
• D)48,000

Calculate the impact of fees on mutual fund investments and understand the concept of load and no-load funds.

Recognize the benefits of mutual funds in retirement accounts and the ability to switch investments in a family of funds concept.

Understand the categories of corporate social responsibility (CSR) approaches and be able to identify them in real business scenarios.

Grasp the concept of sustainability and its application within the finance and corporate sectors for the betterment of future generations.

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Definitions:

Elastic

Describes a situation where a change in one factor (such as price) leads to a relatively larger change in another factor (such as quantity demanded or supplied).

Inelastic

Refers to a situation where the demand or supply for a good or service is relatively unresponsive to changes in price.

Price Elasticity

The responsiveness of the quantity demanded or supplied of a good to a change in its price, a key concept in understanding consumer and producer behavior.

Crude Oil

A naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials, used as a fuel source.