Answer the Following Questions Using the Information Below

question 210

Multiple Choice

Answer the following questions using the information below:
Kelly's Armoured Suits sells a single product.10 000 units were sold resulting in $100 000 of sales revenue,$40 000 of variable costs,and $12 000 of fixed costs.
-The number of units that must be sold to achieve $60 000 of operating profit is:

• A)10 000 units.
• B)11 666 units.
• C)12 000 units.
• D)None of these answers are correct.

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Definitions:

Smart Phone

A mobile phone offering advanced features beyond making calls and sending text messages, including internet access and various apps.

Breaches Contract

Occurs when one party fails to fulfill its obligations under the contract, violating the agreement.

Resale Value

The estimated amount for which an item or asset can be sold again in the future, often considered in the context of automobiles, electronics, and real estate.

Sue

This is a legal term referring to the act of bringing a lawsuit against another party in a court of law.