Wimpy Incorporated Produces and Sells a Single Product

question 1

Multiple Choice

Wimpy Incorporated produces and sells a single product. The selling price of the product is $150.00 per unit and its variable cost is $58.50 per unit. The fixed expense is $366,915 per month.The break-even in monthly dollar sales is closest to: (Round your intermediate calculations to 2 decimal places.)

• A) $601,500
• B) $366,915
• C) $636,408
• D) $940,808

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Definitions:

Legitimacy

The general perception or recognition that an entity's actions are desirable, proper, or appropriate within some socially constructed system of norms, values, beliefs, and definitions.

Dormant Stakeholder

An individual or group with an interest or concern in a project or business but currently inactive or not engaged.

Power

The capacity or ability to direct or influence the behavior of others or the course of events.

Discretionary Stakeholder

Stakeholders whose involvement with an organization or project is based on choice rather than necessity or contractual obligation.