Ceylon Express sells bottled pasteurized tea to retailers. It has the following revenues and costs: Sales price per bottle: $0.50 Variable costs per bottle: $0.30 Total fixed costs (annual): $50,000 Tax rate: 20 percent What is the annual break-even point in unit for the company?

Centralized resort hotels are more popular as a site for sale meetings rather than company sites in order to save money.

a. true b. false

Montana City Company began business on January 1, 2016 . The corporate charter authorized issuance of 500 shares of $1 par value common stock and 400 shares of $4 par value, 3% cumulative preferred stock. What is the maximum amount that can be reported on the balance sheet for Common Stock and Preferred Stock, respectively, if all of the stock is issued? Common Stock Preferred Stock

a. $500 $1,600 b. $5,000 $120 c. $500 $120 d. Not enough information provided.