Sanchez & Ryan, Inc, Sells a Single Product

question 45

Multiple Choice

Sanchez & Ryan, Inc, sells a single product. This year, 20,000 units were sold resulting in $130,000 of sales revenue, $60,000 of variable costs, and $17,500 of fixed costs.
-The break-even point in units for a year is:

• A)2,000 units.
• B)3,000 units.
• C)5,000 units.
• D)10,000 units.

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Definitions:

Probabilistic Model

A mathematical model that incorporates the element of chance or uncertainty to predict outcomes.

Personnel Supply

The availability of qualified and interested candidates in the labor market that an organization can recruit and hire to meet its workforce needs.

Vacancy Model

A conceptual model used to analyze and predict the impacts of job vacancies within an organization's structure and operations.

Top-Down

Describes an approach or management style where decisions and policies are initiated by the highest level of authority and then passed down through the ranks.