Unit 5 review test

# Unit 5 review test - UNIT 5 REVIEW 1 A company sells a...

This preview shows pages 1–2. Sign up to view the full content.

UNIT 5 - REVIEW 1. A company sells a product for \$129.95 each. Fixed costs per month are \$4,550. Variable costs are \$42/unit. a) What is the revenue equation? b) What is the total cost equation? c) What is the break-even point in units sold? d) What is the break-even point in sales dollars? ON THE GRAPH LABEL: e) The total cost line f) The total revenue line g) The fixed cost area h) The variable cost area i) The total cost area j) The profit area k) The loss area l) The break-even point 2. The Bargain bookstore has \$95,000 of sales, variable costs of \$34,570, and fixed costs of \$29,640. What would their sales have to be to break even? 3. What amount of interest will be charged on \$650 borrowed for 16 months at a simple interest rate of 6¼%? 4. What principal will have a maturity value of \$10,000 at 8.25% p.a. in three months? 5. What principal will earn \$67.14 interest at 6.25% for 82 days? 6. Sherrie borrowed \$3,200 on May 13, 2007, and repaid the loan on March 21, 2008. If interest of \$125.13 was charged, what simple annual rate of interest was charged on the loan?

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

### What students are saying

• As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

Kiran Temple University Fox School of Business ‘17, Course Hero Intern

• I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

Dana University of Pennsylvania ‘17, Course Hero Intern

• The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

Jill Tulane University ‘16, Course Hero Intern