Assume That Lily Company Has Total Fixed Costs of $48,000

question 30

Multiple Choice

Assume that Lily Company has total fixed costs of $48,000 for the period. Each unit sells for $40. The variable cost per unit is $24. How many units must be sold to break even?

• A) 1,200
• B) 2,000
• C) 3,000
• D) 4,000

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Definitions:

Discrete Function

A type of mathematical function that deals with distinct and separate values, often used to model systems that change only at specific points.

Aggregation of Cells

The process by which cells come together to form a collection or cluster, often seen in the formation of tissues or the response to certain signals.

Tissue

Groups of similar cells that have a common function in the body, categorized broadly into epithelial, connective, muscle, and nervous tissues.

Multipolar Neuron

A type of neuron that has one axon and multiple dendrites, allowing it to receive and integrate signals from many other neurons.