Case 19-1 Macy Is the Treasurer for a Professional Organization

question 37

Multiple Choice

Case 19-1 Macy is the treasurer for a professional organization, and she is compiling the financial data to present to the board members at the next meeting. Macy wants to show the organization's total dollar amount of dues collected in the cells B2 to B40. Which is the correct formula?

• A) =COUNT(B2:B40)
• B) =SUM(B2,B40)
• C) =SUM(B2:B40)
• D) =TOTAL(B2:B40)

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Definitions:

Variable Costs

Expenses that vary in relation to the amount of products or services a company generates.

Fixed Costs

Expenses that do not change with the level of goods or services produced by a business, such as rent, salaries, or loan payments.

Units

In the context of inventory or production, refers to the individual items or components that can be counted or measured.

Break-Even Point

The point at which total costs and total revenue are equal, meaning no net loss or gain, and the business is breaking even.