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

question 59

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 units is

• A) 7,500.
• B) 15,030.
• C) 5,003.
• D) none of the above.

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Definitions:

Economic Status

An individual's or family's financial and social position in relation to others, based on income, education, and occupation.

Personal Appearance

The way individuals present themselves visually, including their choice of clothing, grooming, and bodily modifications, often reflecting personal and cultural values.

Helicopter Parents

Helicopter parents describe caregivers who take an overly attentive and involved approach to parenting, often micromanaging their children's lives to protect them from failure or harm.

Children's Lives

Refers to the experiences, stages, and development that occur during childhood, influencing future health, happiness, and growth.