Mark Corporation Produces Two Models of Calculators

question 4

Multiple Choice

Mark Corporation produces two models of calculators. The Business model sells for $60, and the Math model sells for $40. The variable expenses are given below: The fixed expenses are $75,000 per month. The expected monthly sales of each model are: Business, 1,000 units; Math, 500 units.
-The break-even point in unit sales for the expected sales mix is closest to:

• A)833 of each product
• B)1,667 Business Model and 833 Math Model
• C)1,667 of each product
• D)833 Business Model and 1,667 Math Model

Distinguish between different types of revenues and how they are recognized.

Understand the concept of accrued expenses and revenues and how to adjust for them.

Know the sequence for preparing financial statements.

Recognize the role and characteristics of the adjusted trial balance in the preparation of financial statements.

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Definitions:

Affirmative Action Programs

Initiatives and policies designed to promote equal opportunity for historically marginalized or underrepresented groups in education, employment, and beyond.

Discriminated

Unjust or prejudicial treatment of different categories of people, particularly on the grounds of race, age, or sex.

Recruitment

The process through which companies identify, attract, and select candidates for employment positions.

Foundational Values

Core beliefs and principles that form the underpinning for organizational culture, decision-making, and strategies.