A Printing Company Determines That to Print a Large Format

question 220

Multiple Choice

A printing company determines that to print a large format poster it costs $75 to set up the production process. Each poster that is printed costs $25 in material and labor. The printing company sells these posters to marketing firms for $58 each. Determine the number of posters the printing company must sell to break even. [Note: profit = revenue - cost]

• A) 75 posters
• B) 0 posters
• C) 3 posters
• D) 2 posters
• E) 33 posters

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Definitions:

Particular Fund

A specific investment fund targeted toward certain assets or investment strategies.

Law of Negotiable Instruments

A branch of law that deals with the rights and duties of parties to documents like checks, bills of exchange, and promissory notes.

Assignable

Capable of being transferred or made over to someone else, typically referring to rights or property.

Holder in Due Course

A legal term referring to a person who has acquired a negotiable instrument in good faith for value and without notice of any defects in title.