Hallway Company produces a product that sells for $70 per unit and has variable costs of $54 per unit. Haltom's annual fixed costs are $240,000, and the company wishes to earn a profit of $60,000. Calculate the sales volume required (in units and dollars) in order to earn the desired profit.

5,556 units/ $388,920

15,000 units/ $1,050,000

4,286 units/ $300,000

18,750 units/ $1,312,500

The follow Ing information is for a product manufactured and sold by Garrido Corporation:

Sales price per unit, $30 Variable cost per unit, $20 Total fixed costs, $200,000 Last year, Garrido earned a profit of $60,000. How many units were sold last year?

8,667

20,000

13,000

26,000

Suppose a movie theater chain negotiates a deal with movie producers whereby it will pay the producer a fixed amount to rent a movie ($7,000,000) and the theater chain will retain the entire admission receipts. Further, assume that there are no concession sales. The chain estimates that It will sell 700,000 tickets at a price of $12.00 each. If ticket sales are 10% less than estimated, what would be the change In profitability?

		20% decrease
		10% decrease
		60% decrease
		30% decrease