Mix Sweet Shop bakes and sells pies. Mix has annual fixed costs of $880,000 and a variable cost per
pie of $7.50. Each pie sells for $15.50 each. The firm expects to sell 500,000 pies annually. What is
the break-even point in pies?
A) 190,440 B) 200,000 C) 280,000 D) 110,000
D
Business
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Compare and contrast the four competitive positions that are often used to describe market structures
What will be an ideal response?
Business
On December 3,2001, spot Japanese yen were sold at $0.008058. Suppose the 180-day forward Japanese yen was selling at a 1.91% annualized premium, what is the 180-day forward rate of the yen?
A) 0.008245 B) 0.008135 C) 0.008457 D) 0.008550
Business