A Small Software Company Invests $24,425 to Produce a Software

question 50

Multiple Choice

A small software company invests $24,425 to produce a software package that will sell for $70.Each unit can be produced for $45.84.How many units must be sold to break even? ​

• A)911 units
• B)811 units
• C)1211 units
• D)1011 units
• E)1111 units

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Definitions:

Sales Contract

A legal agreement between two parties for the exchange of goods, services, or property for payment.

Buyer Payment

The act of providing money or consideration by a buyer to a seller in exchange for goods, services, or property.

Depositary Bank

A financial institution that holds assets or securities in custody for its clients, facilitating trading and safekeeping of these assets.

Payor Bank

The bank on which a check is drawn, responsible for paying the check when it is presented for payment.