The Total Fixed Cost for Harold, a Salesperson, Is $20,000

question 26

Multiple Choice

The total fixed cost for Harold, a salesperson, is $20,000 per month. Harold generates 25% gross profit on the products he sells. If Harold sells $200,000 worth of merchandise in six months, which of the following statements is true?

• A) By having Harold, the company incurred a direct loss of $70,000.
• B) Harold generated $120,000 in gross profit for the company.
• C) Harold sold $120,000 worth of goods, which equals the BEP.
• D) By having Harold, the company incurred a direct loss of $280,000.
• E) Harold generated $30,000 gross profit for the company.

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Definitions:

Ambiguous Genitals

Refers to a condition in which a newborn's external genitalia do not conform to typical definitions of male or female, making gender assignment at birth difficult.

Hormone Imbalance

A condition in which there is a disruption in the normal balance of hormones in the body, potentially affecting various bodily functions and health.

Gender Violence

Acts of violence or aggression, including physical, sexual, and psychological abuse, targeted at individuals based on their gender, often perpetuating gender inequalities and discrimination.

Gender Equality

The state in which access to rights or opportunities is unaffected by gender.