If the Targeted Sales Are 12 000 Units

question 54

Multiple Choice

If the targeted sales are 12 000 units. The sales price per unit is $70, fixed costs are $130 000 and variable costs are $40 per unit, then planned profit must be:

• A) $4333.
• B) $303 333.
• C) $710 000.
• D) $230 000.

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Definitions:

Personal Assets

Individual-owned resources of economic value such as cash, real estate, investments, and personal property.

Vicariously Liable

Legal responsibility assigned to one party for the actions of another, based on a special relationship between the two.

Jointly And Severally Liable

A legal term describing a situation where two or more parties are liable together and individually for the full amount of an obligation.

Partner Commits Malpractice

A scenario where a member of a partnership engages in professional misconduct or negligence, impacting the partnership.