Clare Company Currently Sells 19,000 Units

question 185

Multiple Choice

Clare Company currently sells 19,000 units. Total fixed costs are $84,000, and the contribution margin per unit is $6.00. Clare's tax rate is 40%. The margin of safety in units is:

• A) 7,500 units
• B) 14,000 units
• C) 3,000 units
• D) 5,000 units

Interpret legal citations and identify components of legal opinions.

Distinguish between civil and criminal law objectives.

Understand the philosophical foundations and schools of legal thought.

Grasp the concept of cyberlaw and its domain.

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Definitions:

American Economy

The economic system of the United States characterized by free-market capitalism, a high level of technological innovation, and a significant global trade presence.

Lehman Brothers

An American global financial services firm that filed for bankruptcy in 2008, marking the largest bankruptcy filing in U.S. history and significantly contributing to the global financial crisis.

Voting Rights Act of 1965

A landmark piece of federal legislation in the United States that prohibits racial discrimination in voting.

Supreme Court Ruling

A decision made by the Supreme Court of the United States, the highest judiciary authority which can influence laws and societal norms.