Use the Information Below to Answer the Following Question(s)

question 199

Multiple Choice

Use the information below to answer the following question(s) .
Jill Bishop makes homemade soap. She sells it for $100 a case. Her variable costs are $40 per case. She has fixed costs of $600.
-What is the break-even point in cases?

• A) 6 cases
• B) 10 cases
• C) 15 cases
• D) 20 cases

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Definitions:

Endorsement

The act of signing one's name on the back of a check or other negotiable instrument, which allows it to be transferred or cashed.

Payees

Individuals or entities to whom money is payable, often seen in the context of checks or promissory notes.

Negotiation

The process of discussing and arriving at a mutual agreement between parties, often involving compromise or conciliation.

Depositary Bank

A financial institution that holds and manages securities for its clients, facilitating the trading of these securities.