Jamie Quinn, a Sole Proprietor, Has the Following Projected Figures

question 67

Multiple Choice

Jamie Quinn, a sole proprietor, has the following projected figures for next year: $\begin{array} { l } \text { Selling price per unit}&\$150.00\\ \text { Contribution margin per unit}&\$45.00\\ \text {Total fixed costs }&\$630,000\\\end{array}$
How many units must be sold to obtain a target before-tax profit of $270,000?

• A)6,000 units
• B)20,000 units
• C)8,572 units
• D)14,000 units

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Definitions:

Raspberries

A small, red, edible fruit from the genus Rubus, valued for its sweet taste and nutritional benefits.

Chocolate

A sweet, brown food preparation of roasted and ground cacao seeds, often sweetened and consumed as confectionery.

Exchange Rate

The value of a currency expressed in the amount of another currency that can be traded for it.

Trade Surplus

A situation where a country's exports exceed its imports, leading to a net inflow of domestic currency from foreign markets.