A Firm Estimates That It Will Sell 100,000 Units of Its

question 91

Multiple Choice

A firm estimates that it will sell 100,000 units of its sole product in the coming period.It projects the sales price at $40 per unit,the CM ratio at 60 percent,and profit at $500,000.What is the firm budgeting for fixed costs in the coming period?

• A)$1,600,000
• B)$2,400,000
• C)$1,100,000
• D)$1,900,000

---

Definitions:

Social World

The domain of human interaction and social relations, encompassing the culture, institutions, and communities of human societies.

Hegel

A German philosopher known for his dialectical method and philosophy of history, which influenced many facets of modern thought.

Kinship

Social bonds and relationships derived from blood ties, marriage, or adoption, which play a crucial role in the social structure and cultural practices of societies.

Substance

In philosophy, the underlying essence or fundamental nature of an entity that determines its properties and existence.