Everclean Company Cleans Draperies

question 104

Multiple Choice

Everclean Company cleans draperies. It charges $90 to clean a full-size drape, and its variable and fixed costs are $55 per drape and $10,000 per year, respectively. Given these data, if Everclean's variable costs were reduced to $50 per drape, how many drapes would the firm have to clean to break even?

• A) 250
• B) 286
• C) 200
• D) 112

Understand the function and importance of telomeres and telomerase in cell aging and cancer.

Grasp the events and importance of the cell cycle and its checkpoints.

Recognize the differences in cell division between animal and plant cells.

Understand the role of tumor suppressor genes and oncogenes in cell cycle regulation and tumor formation.

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Definitions:

Bonds

Fixed-income investments representing a loan made by an investor to a borrower, typically corporate or governmental, with terms defining the interest rate and maturity date.

Operating Expenses

Costs associated with the day-to-day operations of a business, excluding cost of goods sold (COGS).

Tax Liability

The total amount of tax that an individual or corporation is legally obligated to pay to an authority as the result of the occurrence of a taxable event.

Dividends Paid

Cash or other forms of payouts made by a company to its shareholders from its earnings.