Johnston Co

question 85

Multiple Choice

Johnston Co. has total variable costs equal to 40% of sales. Fixed costs are $120,000. What is the breakeven point in revenues?

• A)$300,000
• B)$200,000
• C)$120,000
• D)Cannot be determined

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Definitions:

Unscientific Thinking

Processes of thought that do not adhere to the established or accepted frameworks and methodologies of the scientific community, often lacking empirical evidence.

Groundless Thinking

The process of making conclusions or decisions based on no evidence or rational basis.

Selective Observation

The process of focusing attention on certain aspects of the environment while ignoring others, often influenced by existing beliefs and biases.

Casual Observation

An informal method of gathering information or data without any structured procedure, often based on spontaneous or unplanned observation of events or behaviors.