Moyas Corporation Sells a Single Product for $20 Per Unit

question 99

Multiple Choice

Moyas Corporation sells a single product for $20 per unit. Last year, the company's sales revenue was $300,000 and its net operating income was $24,000. If fixed expenses totaled $96,000 for the year, the break-even point in unit sales was:

• A) 12,000 units
• B) 9,900 units
• C) 15,000 units
• D) 14,100 units

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Definitions:

GDP

Gross Domestic Product, a measure of the total economic output of a country, representing the value of all goods and services produced over a specific time period.

Contribution

The act of providing something, such as effort, money, or resources, to a common pool or goal.

Real GDP

The measure of a country's economic output that accounts for inflation or deflation, giving a more accurate picture of an economy's size and how it's growing over time.

Used Goods

Items that have been owned and used by someone else before being sold or passed on to another person.