Ace Shoe Co

question 254

Multiple Choice

Ace Shoe Co. has fixed costs of $6 million and unit variable costs of $5 per pair. Suppose a consultant tells Ace it can sell 700,000 pairs of shoes, it should seek a profit of $2.5 million, and it should select an appropriate price to meet that 700,000 target. What potential error is the consultant making?

• A)assuming that some variable costs are fixed
• B)assuming that units sold is independent of price
• C)assuming that fixed costs are independent of price
• D)assuming that some fixed costs are variable

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Understand the ethical and legal considerations in nursing practices.

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