Variable Expenses of Snoopy Limited Constitute 60% of Sales Value

question 36

Multiple Choice

Variable expenses of Snoopy Limited constitute 60% of sales value and its fixed expenses are $75 000. What is the break-even point in terms of sales dollars?

• A) $187 500
• B) $125 000
• C) $45 000
• D) $30 000

Understand the characteristics and management of asthma.

Recognize age-appropriate responses to choking and the correct use of the Heimlich maneuver.

Comprehend dietary and enzyme replacement therapy considerations for children with cystic fibrosis (CF).

Identify the nursing considerations for the care of a child with carbon monoxide poisoning.

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Definitions:

Minimum Efficient Scale

The minimum efficient scale is the lowest point of production where a firm can achieve the economies of scale, reducing its cost per unit to the minimum.

Economic Profits

The surplus or profit gained by a firm after subtracting all its costs, including both explicit and implicit costs, from its total revenues.

Accounting Profits

The net income for a company calculated by subtracting total expenses from total revenues, according to standard accounting practices.

Short Run

A period of time in economics during which at least one input, such as plant size, is fixed and cannot be changed.