Refer to the Scenario Below to Answer the Following Questions

question 93

Multiple Choice

Refer to the scenario below to answer the following questions.
Breakeven Analysis at MRI (Scenario)
Mike has just been hired as a sales manager at Mobile Research Inc. (MRI) , makers of the popular Blueberry wireless phone. At his first management briefing, Mike is informed that the company is losing money, despite the immense popularity of the Blueberry phone. He learns that the company is facing intense competition from its main rival, Mandarin Communications, makers of the M-Phone. The M-Phone has the same popular features as the Blueberry and sells for $40 less. When Mike asked about the cost structure for the Blueberry he was informed that the selling price is $200, variable costs are $120, and total fixed costs are $800,000 per month.
-If the company sold only 7,500 Blueberry phones last month, what was the loss?

• A) $100,000
• B) $200,000
• C) $300,000
• D) $400,000
• E) $500,000

---

Definitions:

Androgens

A group of hormones that play a role in male traits and reproductive activity; present in both males and females but in higher levels in males.

Gender Identity

The personal sense of one's own gender, which may or may not align with the sex assigned at birth.

Biological Sex

The classification of an individual based on their anatomical, genetic, and hormonal characteristics into categories such as male, female, or intersex.

Transgendered

Pertaining to individuals whose gender identity or expression differs from the sex they were assigned at birth.