Name: Date: 1. In 2012, Teller Company sold 3,000 units at $400 each. Variable expenses were $280 per unit, and fixed expenses were $180,000. The same selling price, variable expenses, and fixed expenses are expected for 2013. What is Teller's break-even point in sales dollars for 2013? A) $1,200,000 B) $600,000 C) $1,714,286 D) $1,800,000 2. Zoum Corporation had the following transactions during 2014: 1. Issued $125,000 of par value common stock for cash. 2. Recorded and paid wages expense of $60,000. 3. Acquired land by issuing common stock of par value $50,000. 4. Declared and paid a cash dividend of $10,000. 5. Sold a long-term investment (cost $3,000) for cash of $3,000. 6. Recorded cash sales of $400,000. 7. Bought inventory for cash of $160,000. 8. Acquired an investment in Zynga stock for cash of $21,000. 9. Converted bonds payable to common stock in the amount of $500,000. 10. Repaid a 6 year note payable in the amount of $220,000. What is the net cash provided by operating activities? A) $290,000 B) $180,000 C) $305,000 D) $240,000 3. Which of the following costs are variable? Cost 10.000 Units 30.000 Units 1. S100,000 $300,000 40,000 240,000 90,000 90,000 50,000 150,000 A) only 2 B) only 1 C) 1 and 2 D) 1 and 4 Version 1 Page 1