Jamie Quinn, a Sole Proprietor, Has the Following Projected Figures

question 117

Multiple Choice

Jamie Quinn, a sole proprietor, has the following projected figures for next year: What selling price per unit is needed to obtain a before-tax profit of $270,000 at a volume of 4,000 units?

• A) $150.00
• B) $105.00
• C) $225.00
• D) $330.00

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Definitions:

Independent Contractor

An individual or entity contracted to perform work for— or provide services to—another entity as a non-employee.

Vicarious Liability

A legal principle where one party is held liable for the actions or negligence of another party, often in employer-employee relationships.

Cost-Versus-Benefits

An analysis or comparison between the costs of an action and the benefits derived, used to evaluate the feasibility or value of a project or decision.

Organizational Activity

Actions or tasks undertaken by an organization in pursuit of its objectives.