Bill Needles Makes and Sells Customized Silver Belt Buckles for $225

question 102

Multiple Choice

Bill Needles makes and sells customized silver belt buckles for $225 each.He has determined that his fixed costs are $8,000,and his average variable costs per buckle are $145.
-Refer to Bill Needles.What is his break-even point in units?

• A)47
• B)64
• C)50
• D)100

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Definitions:

Tender Offer

A public offer made by a prospective acquirer to purchase a substantial portion of the shares of another company, directly from its shareholders.

Joint Venture

A business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task or business activity.

Stockholders

Individuals or entities that own shares in a corporation, thereby holding a portion of the company's equity.

Takeover Bid

An offer made by an individual or company to purchase a majority share of another company, with the intent of taking control.