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:

Welfare

Governmental support aimed at ensuring the basic physical and material well-being of individuals, often including provisions for health care, education, and housing.

Helping

The act of providing assistance or support to others in need, often motivated by empathy, moral obligations, or the anticipation of reciprocation.

Bystander Effect

A social psychological phenomenon in which individuals are less likely to offer help to a victim when other people are present.

Zero-sum Game

A situation or game in which one person's gain is equivalent to another's loss, so the net change in wealth or benefit is zero.