Answer the Following Questions Using the Information Below

question 150

Multiple Choice

Answer the following questions using the information below:
Holly's Ham, Inc. sells hams during the major holiday seasons. During the current year 11,000 hams were sold resulting in $220,000 of sales revenue, $55,000 of variable costs, and $24,000 of fixed costs.
-The number of hams that must be sold to achieve $75,000 of operating income is:

• A)6,600 hams
• B)7,500 hams
• C)8,400 hams
• D)None of these answers are correct.

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Definitions:

Type A Behavior Pattern

A personality style characterized by high levels of competitiveness, self-imposed stress, and a constant sense of urgency.

Coronary Heart Disease

A condition characterized by reduced blood flow to the heart muscle due to the build-up of plaque in the arteries of the heart, which can lead to heart attacks.

Shortcomings

Failures to meet a certain standard, often referring to weaknesses or flaws in something or someone.

Myocardial Infarction

A medical term for a heart attack, resulting from the interruption of blood supply to a part of the heart.