A Product Sells for $20 Per Unit and Has a Contribution

question 83

Multiple Choice

A product sells for $20 per unit and has a contribution margin ratio of 40%.Fixed expenses total $240,000 annually.How many units of the product must be sold to yield an operating income of $60,000?

• A) 37,500 units.
• B) 40,000 units.
• C) 65,000 units.
• D) 30,000 units.

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Definitions:

Social Control

Social control involves mechanisms, both formal and informal, that regulate individual and group behavior, aiming to conform to the norms and laws of a society.

Cultural Innovation

The introduction and adoption of new cultural practices, ideas, or objects, often leading to significant changes in society's norms and values.

Resistance

Opposition or pushback against forces or policies perceived as unjust or oppressive.

Ethnocentrism

Ethnocentrism is the belief in the superiority of one's own ethnic group, culture, or nationality, often resulting in prejudice and discrimination against other groups.