Solve the Problem. -A Shoe Company Will Make a New Type of Shoe

question 71

Multiple Choice

Solve the problem.
-A shoe company will make a new type of shoe. The fixed cost for the production will be $24,000. The variable cost will be $34 per pair of shoes. The shoes will sell for $100 for each pair. How Many pairs of shoes will have to be sold for the company to break even on this new line of shoes?

• A)66 pairs
• B)364 pairs
• C)241 pairs
• D)706 pairs

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Definitions:

Improperly Fired

Refers to a termination of employment that violates either legal statutes or contractual terms.

Botulism Poisoning

A rare but serious illness caused by a toxin that attacks the body’s nerves and can result in difficulty breathing, muscle paralysis, and even death.

Breach of Contract

The violation of a legal agreement between parties, where one party fails to fulfill their promised obligations, leading to legal consequences.

Tort

A civil wrong that causes a claimant to suffer loss or harm, resulting in legal liability for the person who commits the tortious act.