Solve the Problem $C ( x )$ , and the Revenue Function

question 8

Multiple Choice

Solve the problem.
-Given the cost function, $C ( x )$ , and the revenue function, $R ( x )$ , find the number of units $x$ that must be sold to brea
$$\begin{array} { l } C ( x ) = 56 x + 900 \\R ( x ) = 71 x\end{array}$$

• A) 62 units
• B) 60 units
• C) 61 units
• D) 11 units en.

Comprehend the role of social media in customer service and marketing.

Understand the basics of social computing platforms and their features for user engagement and e-commerce.

Understand how to calculate and interpret the current ratio to assess a company's short-term liquidity.

Analyze a company's operating performance through net operating income, net income, and earnings per share calculations.

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Definitions:

Balance Sheet

An accounting report that outlines a firm's assets, obligations, and owners' equity on a specific date.

Leverage Ratio

A financial metric indicating the level of debt relative to equity in a company's capital structure, used to assess the risk of investing in the company.

Acid-test Ratio

A financial metric used to evaluate a company's short-term liquidity, calculated by dividing liquid assets by current liabilities.

Financing Activities

Financial transactions that involve raising capital and repaying investors, such as issuing equity, securing loans, or paying dividends, which impact a company's cash flow.