FifeSiete Corp

question 72

Multiple Choice

FifeSiete Corp. wants to break even at 15,000 units on its only product. Its unit variable cost is $55, and its fixed cost is $750,000. What should be each unit's selling price?

• A) $85
• B) $92
• C) $105
• D) $78

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Definitions:

Checks

Written, dated, and signed instruments that direct a bank to pay a specific sum of money to the bearer or to the order of a specified person.

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States, intended to standardize practices across states.

Special Kind

A term that refers to a unique or particular type or category of something, often used to specify or differentiate items or circumstances.

Depositary Bank

A financial institution that holds and manages the deposits of securities for investors, facilitating the trading of these securities.