Queen,LtdHas One Product

question 44

Multiple Choice

Queen,Ltd.has one product.Its sales price and variable cost per unit are $25 and $20,respectively.Last year,Queen sold 25,000 units,which was 5,000 more than the break-even point.What were Queen's fixed expenses?

• A)$100,000
• B)$125,000
• C)$300,000
• D)There is not enough information to answer the question.

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Definitions:

Kick-Off

The start or beginning of an event, project, or activity.

Pole Position

The leading starting position in a race, typically located on the inside of the track's first turn.

Contractions

Contractions are shortened forms of words or phrases, created by omitting certain letters and sounds, typically in informal language (e.g., "can't" for "cannot").

Salutations

Formal or informal expressions of greeting or acknowledgment used in communication, especially at the beginning of letters or emails.