Market Demand Allowed Acme Corp

question 24

Multiple Choice

Market demand allowed Acme Corp.to raise its price by 20 percent to $60.What is the new level of break-even revenues if fixed charges including depreciation are $1 million and variable costs were 70 percent of the old price? (use the values in dollar)

• A)$2,000,000
• B)$2,400,000
• C)$2,857,143
• D)$3,333,333

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Definitions:

Short-term Memory

The part of the memory system where information is stored for a short duration, typically around 20 to 30 seconds.

Episodic Memory

The type of long-term memory that involves the recollection of specific events, situations, and experiences, including the context of time and place.

Digit-span Test

A psychological test used to measure working memory's capacity by having subjects repeat back a sequence of numbers.

Declarative Memory

A type of long-term memory that involves the recall of specific facts and events which can be verbally stated or "declared."