Answer the Following Questions Using the Information Below

question 112

Multiple Choice

Answer the following questions using the information below:
Stephanie's Bridal Shoppe sells wedding dresses. The average selling price of each dress is $1,000, variable costs are $400, and fixed costs are $90,000.
-How many dresses are sold when operating income is zero?

• A) 225 dresses
• B) 150 dresses
• C) 100 dresses
• D) 90 dresses

Understand the concepts of debits and credits in the accounting cycle.

Analyze and prepare general journal and T-account entries for business transactions.

Calculate net income by analyzing changes in assets, liabilities, and equity.

Prepare and analyze trial balances and identify errors.

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Definitions:

Product Development Strategy

A systematic approach to creating new products or improving existing ones, aligning product designs with market demands and business goals.

Customer Needs

The requirements and desires of consumers that businesses aim to meet through their products and services.

Interoperation Scope

The extent and manner in which different systems, organizations, or components can work together seamlessly to achieve a common objective.

Product Development Strategy

A company's plan for the design, creation, and marketing of new products, emphasizing innovation and market fit.