Calculate the break-even point in dollars from the following information; selling price per unit is $500, variable costs per unit are $350 and fixed costs for the year of $520,000.

a.

3,467 units

b.

$1,733,333.33

c.

$3,466.66

d.

$1040

T. Bailey Pty Ltd is planning to purchase equipment costing $55,000. On 17 January, T. Bailey Pty Ltd paid a deposit of $25,000. The planned delivery date is 11 April with final settlement on this date. The amount that will appear in the cash budget for the quarter ending 31 March is:

a.

$0. No cash flows are recorded until settlement date.

b.

outflow of $30,000.

c.

outflow of $25,000.

d.

outflow of $55,000.