Acme Corporation sells one of their products for $$75\mathrm{.}00$ with a variable cost per unit of $$35\mathrm{.}00.$ Fixed costs are $$2,500,000$ and include $$750,000$ of non$-$cash expenses. What is the break$-$even point in units on a cash basis?: $*$

a$.10,000$

b$.23,333$

c$.43,750$

d$.62,500$

The following financial information on ABC Corporation is to be used to solve problems $14$ and $15$:

Sales: $$3,000,000($annual$)$

Cost of goods sold: $60\%$ of sales

Selling, general and administrative expenses: $$30,000$ per month

Interest expense: $$50,000($annual$)$

Tax rate: $30\%$

What is ABC's Corporation gross margin?: $*$

a$.$ $$840,000$

b$.$ $$1,000,000$

c$.$ $$1,200,000$

d$.$ $$1,800,000$

What is ABC's corporation net income?: $*$

a$.$ $$553,000$

b$.$ $$784,000$

c$.$ $$790,000$

d$.$ $$840,000$

Calculate the projected accounts receivable on December $31,2000$ for ABC

Corporation based on the following information:

The December $31,1999$ accounts receivable balance is $$65,000.$

All sales are on credit and are projected as noted in the table below.

Accounts receivable are collected per the following scheduled: $50\%$ in the month after the sale, $30\%$ in the second month after the sale, and $20\%$ in the third month after the sale.

What is the accounts receivable balance at the end of the year?: $*$

$\backslash$table$[[$January$,$$$,40,000],[$February$,$$$,42,000],[$March$,$$$,45,000],[$April$,$$$,60,000],[$May$,$$$,50,000],[$June$,$$$,65,000],[$July$,$$$57,000,],[$August$,$$$45,000,],[$September$,$$$,50,000],[$October$,$$$,52,000],[$November$,$$$40,000,],[$December$,$$$,47,000]]$

a$.$ $$65,000$

b$.$ $$67,000$

c$.$ $$70,400$

d$.$ $$77,400$