Finance mutiple choice

1 . A company has target profit of 100 ,000 .00 . The company makes a product with variable costs of 50 per unit , and a sell price of 200 per unit . How many units must the company make to achieve its profit goal

a . 1 ,334 units

b . 2 ,000 units

c . 1 ,000 units

d . 6 ,667 units

2 . If a company reports an asset balance of 300 ,000 .00 on its balance sheet and has a sheet , which of the following MUST be true

a . Equity must equal 100 ,000

.00

b . Retained earnings must be less than the common stock equity

c . The sum of common stock equity and assets must be 100 ,000 .00

d . of the above must be true

3 . If a company is offered terms of 2 /10 net 30 , they have the option of

a . Paying 98 of the bill if they pay within 10 days after receipt of the invoice

b . Paying 100 of the bill if they pay within 30 days of the receipt of the invoice

c . Both a and b are options for this company

d . Neither a nor b are options for this company

4 . On which of the following statements would the account value of the Depreciation expense appear

a . Income statement only

b . Balance Sheet only

c . Statement of Cash Flows only

d . Depreciation...