Answer the Following Question(s)using the Information Below

question 57

Multiple Choice

Answer the following question(s) using the information below.Kaiser's Kraft Korner sells a single product.7,000 units were sold resulting in $70,000 of sales revenue, $28,000 of variable costs, and $12,000 of fixed costs.
-The number of units that must be sold to achieve $60,000 of operating income is

• A)10,000 units.
• B)11,666 units.
• C)15,000 units.
• D)18,000 units.
• E)12,000 units.

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Definitions:

Representativeness Heuristic

A cognitive shortcut where the likelihood of an object belonging to a category is judged based on how representative it is of that category.

Belief Perseverance

Belief perseverance is the psychological phenomenon where individuals maintain a belief despite new information or evidence that contradicts or disproves it.

Algorithms

A set of rules or a process followed in calculations or problem-solving, especially by a computer.

Intuition

The ability to understand or know something immediately, without the need for conscious reasoning; a 'gut feeling.'