A unit of product for $7 in variable cost, and sells it for $10. The...

50.1K

Verified Solution

Question

Finance

A unit of product for $7 in variable cost, and sells it for $10. The fixed cost is $18,000 per year. Which of the following is correct? The contribution margin is $3. The breakeven quantity is 60,000 units per year. The contribution is 30%. The breakeven sales is $60,000

Which of the following is NOT a spontaneous finance source? Accounts Receivable Accounts Payable Accurals None of the Above

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students