Let’s Say You Want to Open a Shoe Store That

question 93

Multiple Choice

Let’s say you want to open a shoe store that will specialize in high-end shoes. But before you do, you want to determine how many pairs of shoes you have to sell in the first year to break even (have no profit or loss) . You also want to know what your profit will be in year two. You have been busy estimating some revenues and costs. Here is what you have so far:

-If you end up selling 12,000 pairs of shoes the first year,how much profit will you make?

• A)approximately $240,000
• B)zero
• C)approximately $840,000
• D)approximately $1,920,000

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Definitions:

Fossil Fuels

Natural fuels such as coal, oil, and natural gas formed from the decomposed remains of ancient plants and animals.

Greenhouse Gases

Gases in Earth's atmosphere, such as carbon dioxide, methane, and water vapor, that trap heat and contribute to global warming.

Excessive Pollution

The presence of contaminants in the environment at levels that are harmful to living organisms and natural ecosystems.

Nonrenewable

Describes resources, such as fossil fuels or minerals, that cannot be replenished within a human lifespan when consumed.