Hayduke Corporation Reported the Following Results from the Sale of 5000

question 87

Multiple Choice

Hayduke Corporation reported the following results from the sale of 5000 units in May: sales $300000 variable costs $180000 fixed costs $90000 and net income $30000. Assume that Hayduke increases the selling price by 5% on June 1. How many units will have to be sold in June to maintain the same level of net income?

• A) 4444.
• B) 4600.
• C) 4750.
• D) 5000.

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Definitions:

IFRS

A collection of worldwide accounting standards created by the International Accounting Standards Board, known as International Financial Reporting Standards.

SEC

The U.S. Securities and Exchange Commission, a federal agency responsible for enforcing federal securities laws and regulating the securities industry, stock and options exchanges.

Stock Exchange

A marketplace where securities, such as stocks and bonds, are bought and sold.

Capital Markets

Financial markets where long-term debt or equity-backed securities are bought and sold, facilitating the raising of capital and investment.