Answer the Following Question(s)using the Information Below

question 71

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.
-Break-even point in units is

• A)2,000 units.
• B)3,000 units.
• C)5,000 units.
• D)7,000 units.
• E)2,797 units.

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Definitions:

Dual Banking System

A regulatory framework in which banks are chartered and supervised at both the state and federal levels.

State Banks

Financial institutions that are chartered by a state in the United States to provide banking services.

National Banks

Financial institutions that are chartered by the federal government and play a major role in the country's banking system.

Federal Deposit Insurance Corporation (FDIC)

A United States government corporation providing deposit insurance to depositors in U.S. commercial banks and savings institutions.