Flash Eyes Sells Mascara

question 97

Multiple Choice

Flash Eyes sells mascara.In June, it produced and sold 10,000 tubes of mascara.For the month, total variable costs were $21,000 and fixed costs totaled $24,000.In July, the company produced and sold 11,000 tubes of mascara.Which of the following statements is correct for July?

• A)Total variable costs will be $21,000
• B)Variable costs per unit will be $2.10
• C)Variable costs per unit will be $4.50
• D)Total fixed costs will be $26,400

Explain the distinction between order paper and bearer paper and the methods of their negotiation.

Comprehend the principles of the impostor rule, fictitious payee rule, and their exceptions.

Grasp the fundamentals of the shelter rule and its application in negotiable instrument transactions.

Understand the effects of fraud, forgery, and duress on the negotiation and enforceability of negotiable instruments.

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Definitions:

ANOVA Table

A table used in analysis of variance (ANOVA) that displays the variance between and within groups along with associated statistics such as degrees of freedom, sums of squares, and mean squares.

Critical Values

Specific points on the scale of a test statistic that define regions where the hypothesis test will reject the null hypothesis in favor of the alternative.

Replicate

To duplicate an experiment or study with the aim of verifying the original findings.

Degrees Of Freedom

The total of independent variables or amounts that may be allocated to a statistical distribution.