1. In 1948 Tucker Automobile Company produced 51 automobiles with a selling price of $4,000. The variable costs per unit were $3,200 per car. His fixed costs were $7,000,000. What is his current profit or loss? (1pts) Question 1 - In 1948 Tucker Automobile Company produced 51 automobiles with a selling price of $4,000. The variable costs per unit were $3,200 per car. His fixed costs were $7,000,000. What is his current profit or loss?

a. loss of $7,163,200

b. loss of $6,959,200

c. loss of $6,796,000

d. None of the above

In 1948 Tucker Automobile Company produced 51 automobiles with a selling price of $4,000. The variable costs per unit were $3,200 per car. His fixed costs were $7,000,000.

What is the contribution margin %?

Question 2 - In 1948 Tucker Automobile Company produced 51 automobiles with a selling price of $4,000. The variable costs per unit were $3,200 per car. His fixed costs were $7,000,000. What is the contribution margin %?

	25%
	30%
	80%
	15%
	None of the above

3)

How many cars would he have to produce to breakeven?

(1pts)

Question 3 - How many cars would he have to produce to breakeven?

	815,000
	203.75
	8,750
	40,800
	None of the above

4)

In 1948 Tucker Automobile Company produced 51 automobiles with a selling price of $4,000. The variable costs per unit were $3,200 per car. His fixed costs were $7,000,000.

If total sales are $35,000,000, what would the profit be?

(1pts)

Question 4 - In 1948 Tucker Automobile Company produced 51 automobiles with a selling price of $4,000. The variable costs per unit were $3,200 per car. His fixed costs were $7,000,000. If total sales are $35,000,000, what would the profit be?

	A profit of $8,750
	A profit of $40,800
	A loss of $7,000,000
	A profit of $0
	None of the above