A Company Sells a Product Which Has a Unit Sales

question 26

Multiple Choice

A company sells a product which has a unit sales price of $5 unit variable cost of $3 and total fixed costs of $240000. The number of units the company must sell to break even is

• A) 120000 units.
• B) 48000 units.
• C) 480000 units.
• D) 80000 units.

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Definitions:

Attach

In legal terms, to seize a person's property to satisfy a court-ordered debt, or the process of becoming legally enforceable or applicable.

Financing Statement

A document, usually a multicopy form, filed in a public office serving as constructive notice to the world that a creditor claims a security interest in collateral that belongs to a certain named debtor.

State Statute

Laws enacted by the legislative bodies of individual states that govern within the state's boundaries, differing from federal statutes which apply across the United States.

Filed

The act of submitting documents officially to a designated authority or office for the purpose of record-keeping and review.