Use the Information Below to Answer the Following Question(s)

question 45

Multiple Choice

Use the information below to answer the following question(s) .The following information is for Winnie Company:

-The agency supervisor of a non-profit organization wants to know how many individuals may receive financial assistance during the year.The organization has fixed costs of $600,000.They aid the unemployed by supplementing their incomes by $8,000 annually, while they seek new employment skills.The budgeted appropriation for the year is $2,000,000.Based on this financial data, how many individuals can receive financial assistance?

• A)175 people
• B)130 people
• C)100 people
• D)75 people
• E)50 people

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Definitions:

Short-Term Debt

Borrowings that are due for repayment within one fiscal year or operating cycle.

Marketable Trading Investments

Financial assets that are purchased with the intention of selling them in the short term to profit from price fluctuations.

Unrealized Loss

A decrease in the value of an investment that has not yet been sold and therefore not officially recorded as a loss in the accounting records.

Realized Losses

Refers to the loss recognized when assets are sold for a price lower than their original purchase price.