A Company That Makes Customized Pens Has Calculated Their Revenue

question 43

Multiple Choice

A company that makes customized pens has calculated their revenue and costs as follows for the most recent fiscal period: Costs:
What are the company's fixed costs per fiscal period?

• A) $105 000
• B) $115 000
• C) $80 000
• D) $85 000
• E) $120 000

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Definitions:

Statute

A written law passed by a legislative body at both the federal and state levels, intended to prescribe or prohibit certain actions.

UCC

Uniform Commercial Code; a comprehensive set of laws governing commercial transactions in the United States.

Valid Contract

A legally binding agreement between parties, fulfilling all necessary legal conditions and requirements.

Mutual Assent

An agreement between parties that intend to form a contract, evidenced by an offer and acceptance.