A Product Sells for $20 Per Unit and Has a Contribution

question 12

Multiple Choice

A product sells for $20 per unit and has a contribution margin ratio of 40 percent.Fixed expenses total $240,000 annually.How many units of the product must be sold to yield a profit of $60,000?

• A)37,500 units
• B)40,000 units
• C)65,000 units
• D)30,000 units

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Definitions:

Preponderance Of The Evidence

The standard of proof in civil trials, requiring that the evidence presented by one side be more convincing than the evidence of the other side.

Pretrial Motion

A document filed by an attorney or party in a case, requesting the court for a decision on a particular issue before the trial officially begins.

Motion For A Directed Verdict

A motion, also known as a motion for judgment as a matter of law in the federal courts, requesting that the court grant a judgment in favor of the party making the motion on the ground that the other party has not produced sufficient evidence to support his or her claim.

Speedy Trial Motion

A legal motion filed to ensure a defendant is brought to trial within the legally mandated time frame.