Forms, Inc

question 45

Multiple Choice

Forms, Inc.wants to sell a sufficient quantity of products to earn an after-tax profit of $40,000.If the unit sales price is $10, unit variable cost is $8, and total fixed costs are $80,000, how many units must be sold to earn income of $40,000? Forms, Inc.has a tax rate of 40%.

• A)73,334 units
• B)18,334 units
• C)40,000 units
• D)90,000 units

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Definitions:

Women's Suffrage

The right of women to vote in elections, achieved through a long struggle and culminating in the United States with the 19th Amendment in 1920.

Philippine War

American military campaign that suppressed the movement for Philippine independence after the Spanish-American War; America’s death toll was over 4,000 and the Philippines’ was far higher.

Filipino Independence

The state of being free from Spanish, American, and Japanese rule, officially recognized for the Philippines on July 4, 1946.

Women's Era

A period during the late 19th and early 20th centuries characterized by significant advancements in women's rights, including suffrage and increased participation in public life.