Answer the following questions using the information below:
Southwestern College is planning to hold a fund raising banquet at one of the local country clubs. It has two options for the banquet:
Southwestern College has budgeted $1,800 for administrative and marketing expenses. It plans to hire a band which will cost another $800. Tickets are expected to be $30 per person. Local business supporters will donate any other items required for the event.
-Kanga Company is considering two different production plans.
Option one: Fixed costs of $10,000 and a breakeven point of 500 units.
Option two: Fixed costs of $20,000 and a breakeven point of 700 units.
Which option should Kanga choose if it is expecting to produce 600 units?
Definitions:
Beneficiary
An individual or entity entitled to benefits or assets under a legal instrument or arrangement, such as a trust or will.
Legal Title
Refers to the formal right of ownership over property, recognized and protected by law.
Intestacy Laws
State statutes that specify how property will be distributed when a person dies intestate.
State Statutes
Laws that have been enacted by the legislative bodies of state governments.
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