Cunningham Inc

question 114

Multiple Choice

Cunningham Inc. sells MP3 players for $60 each. Variable costs are $40 per unit and fixed costs total $120000. What sales are needed by Cunningham to break even?

• A) $160000.
• B) $300000.
• C) $360000.
• D) $480000.

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Definitions:

Agency Agreement

A legal contract creating a fiduciary relationship where the agent is authorized to perform actions for the principal.

Legally Enter

The act of gaining access or entrance to a place or agreement under the terms and conditions permitted by law.

Degree of Employer's Control

This refers to the extent to which an employer can dictate the work and actions of their employees, impacting the classification of workers and tax obligations.

Sales Area

The specific geographic or virtual space where a business's products or services are offered and sold to customers.