In 2016, Teller Company Sold 3,000 Units at $600 Each

question 75

Multiple Choice

In 2016, Teller Company sold 3,000 units at $600 each.Variable expenses were $420 per unit, and fixed expenses were $270,000.The same selling price, variable expenses, and fixed expenses are expected for 2017.What is Teller's break-even point in units for 2017?

• A)1,500
• B)643
• C)450
• D)750

Comprehend situations allowing for price recovery plus incidental damages.

Differentiate between U.C.C. and CISG regarding the seller’s recourse.

Analyze the financial impact of a buyer's breach on the seller.

Identify damages not recoverable by the seller due to breach.

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Definitions:

Conglomerate

A coarse-grained sedimentary rock composed of rounded fragments or clasts of pre-existing rocks cemented together.

Unconformity

A geological surface that represents a time gap in the rock record, often where older rocks are overlain by much younger rocks without intermediate layers.

Shale Layer

A fine-grained sedimentary rock composed of clay, quartz, and other minerals, typically found in layered formations.

Granites

An igneous rock, chiefly made up of quartz, feldspar, and mica, with a coarse texture, widely used for construction purposes.