Piper Technology's Fixed Costs Are $1,500,000,the Unit Selling Price Is

question 129

Multiple Choice

Piper Technology's fixed costs are $1,500,000,the unit selling price is $250,and the unit variable costs are $130,what is the amount of sales required to realize an operating income of $200,000?

• A) 14,167 units
• B) 12,500 units
• C) 16,000 units
• D) 11,538 units

Describe the principle of non est factum and its applicability in voiding contracts.

Explain the legal recourse available in cases of misrepresentation, including innocent and fraudulent misrepresentation.

Analyze the legal ramifications of failing to disclose material facts in contract negotiations.

Understand the role and limitations of mutual mistake in contract law.

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Definitions:

Comprehensive Environmental Response, Compensation, and Liability Act

A federal law, also known as Superfund, designed to clean up sites contaminated with hazardous substances and pollutants.

National Pollution Discharge Elimination System

A regulatory program under the Clean Water Act that aims to control water pollution by regulating point sources that discharge pollutants into US waters.

Industrial Discharge Permits

Regulatory authorizations required for the release of wastewater or pollutants from industrial facilities into the environment, ensuring adherence to environmental standards.

National Pollution Discharge Elimination System

A regulatory program under the Clean Water Act that aims to control water pollution by regulating point sources that discharge pollutants into waters of the United States.