Refer to the Table Above

question 34

Multiple Choice

Refer to the table above. How many units will need to be sold in 2017 to generate a gross profit of $150,000?

• A) 4,500 units
• B) 5,000 units
• C) 6,000 units
• D) 5,500 units

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Definitions:

Liquidating Dividend

A dividend paid to shareholders from the capital base of the company, effectively reducing the company’s size and value.

Constant Rate

A fixed percentage or amount that does not change over time, often used in calculations of growth, decay, or interest.

Preferred Stock

A class of ownership in a corporation that has a higher claim on its assets and earnings than common stock, usually with predetermined dividend payments.

Dividend Per Share

The amount of dividend that a company pays out for each share of its stock.