For a Firm That Would Break Even at $200 000

question 87

Multiple Choice

For a firm that would break even at $200 000 sales and earn a profit of $30 000 at sales of $250 000, which of the following statements is always true?

• A) Fixed costs are $80 000.
• B) The selling price is $2 per unit.
• C) Profit at sales of $300 000 would be $80 000.
• D) The contribution margin is 60 per cent of sales.

Comprehend the psychodynamic approach to personality development, including the theories of Oedipus and Electra complexes.

Compare and contrast Freudian and Jungian views on the self and the structure of the psyche.

Understand how to accurately describe the color and clarity of a specimen by decanting.

Identify CLIA-waived tests associated with detecting various substances in urine.

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Definitions:

Incentives

Rewards or motives that encourage individuals to perform certain actions or behaviors.

Yerkes-Dodson Law

A theory suggesting that there is an optimal level of arousal for the best performance of a task: too little arousal can lead to insufficient motivation, whereas too much can impair performance.

Moderate Arousal

An optimal level of alertness and physical and mental activation that is conducive to effective, efficient performance on tasks.

Sport Psychologist

A professional who applies psychological principles to athletic activity and exercise to help athletes improve performance, cope with pressure, and recover from injuries.