Ng Company Sells One Product That Has a Sales Price

question 90

Multiple Choice

Ng Company sells one product that has a sales price of $20 per unit,variable costs of $12 per unit,and total fixed costs of $300,000.What is the amount of sales volume in dollars necessary to attain a desired profit of $100,000?

• A) $250,000
• B) $750,000
• C) $1,000,000
• D) $666,667

Analyze the effects of Progressive Era education reforms on society.

Evaluate the roles of women and minorities in the Progressive Movement.

Understand the economic theories and practices advocated during the Progressive Era.

Examine the relationship between the Progressive Movement and issues of race and gender.

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Definitions:

Cupric Ions

Ions of copper in a +2 oxidation state, commonly involved in various biological and chemical processes.

Tchebysheff's Theorem

A statistical theorem that specifies the minimum proportion of observations within a certain number of standard deviations from the mean for any distribution shape.

Empirical Rule

A statistical theorem stating that in the case of a normal distribution, almost entirely all the data will be situated within three standard deviations away from the average.

Population Mean

The average or central value of a set of numbers or measurements in the entire population under study.