When Fixed Costs Are $40,000 and Variable Costs Are 20

question 163

Multiple Choice

When fixed costs are $40,000 and variable costs are 20% of the selling price, then breakeven sales are:

• A)$40,000
• B)$50,000
• C)$200,000
• D)indeterminable

---

Definitions:

Metaphor

A figure of speech in which a word or phrase is applied to an object or action to which it is not literally applicable, often for vivid or imaginative comparison.

Confederacy's Lack

The deficiencies or shortages experienced by the Confederate States during the American Civil War.

Political Parties

These are organized groups of people with similar political ideologies and goals, aiming to influence public policy and government by getting their candidates elected to office.

Jefferson Davis

The President of the Confederate States of America during the American Civil War, from 1861 to 1865.