A Company Has Fixed Costs of $90,000

question 31

Multiple Choice

A company has fixed costs of $90,000. Its contribution margin ratio is 30% and the product sells for $75 per unit. What is the company's break-even point in dollar sales?

• A) $60,000.
• B) $128,571.
• C) $180,000.
• D) $210,000.
• E) $300,000.

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Definitions:

Anima

In Jungian psychology, the inner feminine side of a man's personality or a man's inner personal feminine counterpart.

Animus

In psychological theory, particularly that of Carl Jung, animus refers to the unconscious masculine side of a woman.

Compliant Personality

Behaviors and attitudes associated with the neurotic trend of moving toward people, such as a need for affection and approval.

Dependent

A state or condition where someone relies on others for support, sustenance, or decision making.