Bingo Inc Sells a Single Product for $20

question 99

Multiple Choice

Bingo Inc. sells a single product for $20. Variable costs are $14 per unit and fixed costs total $220,000 at a volume level of 10,000 units. What dollar sales level would Bingo Inc. have to achieve to earn a target net profit of $340,000?

• A)$314,286.
• B)$485,714.
• C)$566,667.
• D)$1,866,667.
• E)$733,333.

Grasp the role and procedure of arthroscopy in diagnosing and treating joint conditions.

Understand the process and utility of bone scans in medical diagnostics.

Differentiate between surgical treatment options for fractures and their terminology.

Know the composition and function of the body's critical structural components, including the percentage of water in bones.

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Definitions:

Proprietorship

A business structure in which the business and the owner are legally considered the same, making the owner personally responsible for all the business's debts and obligations.

Corporation

A legal entity that is separate from its owners, providing them limited liability, and has the ability to raise capital through the sale of shares.

Service Business

A type of business that provides intangible products, such as time, expertise, or activities, where physical goods are not transferred to the customer.

Pet Groomer

A professional who cleans, trims, and styles pets' coats, nails, and fur to maintain their appearance and hygiene.