Tony's Beach T-Shirts Has Fixed Annual Operating Costs of $75,000

question 176

Multiple Choice

Tony's Beach T-Shirts has fixed annual operating costs of $75,000. Tony retails his T-shirts for $14.99 each and the variable cost per T-shirt is $4.99. Based on this information, the breakeven sales level in dollars is

• A) $125,495.
• B) $112,425.
• C) $108,995.
• D) none of the above.

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Definitions:

Long-Term Memory

A type of memory responsible for the storage of information over an extended period, ranging from days to decades.

Memory Consolidation

The method through which memories from the short-term are converted into long-term storage.

Long-Term Storage

Describes the phase of memory in which information is retained for extended periods of time, ranging from minutes to a lifetime.

Hippocampus

A major component of the brain of humans and other vertebrates, playing critical roles in the consolidation of information from short-term memory to long-term memory and spatial navigation.