Lawrence Sells Lockers Like Those Found in Airports, Bus Stations

question 138

Essay

Lawrence sells lockers like those found in airports, bus stations, exercise centers, and schools. His fixed selling costs are $65,000 annually. His annual sales are $390,000 and the annual cost of the lockers he sells equals $255,000. Calculate his gross profit in percentage and his break-even point.

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Definitions:

Amoeboids

Organisms characterized by their ability to change shape due to the movement of their pseudopodia, aiding in locomotion and feeding.

Euglenids

Unicellular organisms that are mostly autotrophic, belonging to the kingdom Protista.

Dinoflagellates

A group of single-celled organisms found in marine and freshwater environments, known for their role in algal blooms and as a food source in aquatic food chains.

Supergroup

Systematic term used to classify the major groups of eukaryotes based on DNA similarities.