Cunningham Inc

question 30

Multiple Choice

Cunningham Inc. sells MP3 players for $60 each. Variable costs are $40 per unit and fixed costs total $120000. How many MP3 players must Cunningham sell to earn net income of $280000?

• A) 20000.
• B) 7000.
• C) 5000.
• D) 6000.

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Definitions:

Timely

Occurring within an expected time frame or period, often used to refer to the punctual execution or delivery of tasks.

Fundamental Analysis Approach

An investment evaluation method that examines a company's financial statements, health, and market position to determine its value.

Future Cash Flows

Estimates of the amount of money expected to flow in and out of the business in the future, including revenues, expenses, and investments.

Relevant Financial Information

Financial data or insights that can inform decision-making processes, typically relating to a company's performance, market trends, or economic conditions.