Maxie Pty Ltd Makes and Sells Two Types of Shoes

question 93

Multiple Choice

Maxie Pty Ltd makes and sells two types of shoes, Plain and Fancy. Product data is as follows:
Sixty per cent of the sales in units are Plain and annual fixed expenses are $45 000 and the sales mix remains constant.
Determine the number of units of Plain and Fancy respectively that Maxie Pty Ltd must sell to break even.

• A) 2000; 3000
• B) 0; 5000
• C) 5000; 0
• D) 3000; 2000

Understand the role and responsibilities of the shareholders, board of directors, and officers in a corporation.

Identify the factors and situations that necessitate shareholder approval in a corporation.

Understand the legal limitations and liabilities of corporate directors.

Recognize activities that could result in liability for corporate directors.

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Definitions:

Prove Profitable

To demonstrate or confirm that an activity, investment, or venture is generating a financial profit or benefit.

Product-line Extension

The addition of new products to an existing line, offering customers new choices and expanding the product range.

Blueberry Cheerios

A flavor variety of Cheerios cereal that incorporates the taste of blueberries.

General Mills

A multinational manufacturer and marketer of branded consumer foods sold through retail stores.