Y Company breaks even if it sells $10,000$ ceiling fans per year at $$250$ per fan. If the company has variable costs of $$150$ per fan, its fixed costs are?: $*$

a$.$ $$1\mathrm{.}00$ million

b$.$ $$1\mathrm{.}50$ million

c$.$ $$2\mathrm{.}50$ million

d$.$ $$4\mathrm{.}00$ million

e$.$ $$5\mathrm{.}00$ million

Which of the following financial statements is determined at a single point of time?: $*$

a$.$ Balance sheet

b$.$ Income statement

c$.$ Statement of owners' equity

d$.$ Cash flow statement

e$.$ Statement of retained earnings

A manufacturer begins the month with $4,000$ completed units in finished goods inventory and ends the month with $7,000$ units. During the month the company produced $27,000$ finished units. How many units did the manufacturer sell during the month?: $*$

a$.3,000$

b$.11,000$

c$.24,000$

d$.27,000$

e$.30,000$

Retailer XYZ Company buys books on account from a wholesale firm with the following terms: $\frac{1}{10},\frac{n}{30}.$ If XYZ pays within $10$ days, the early payment discount is based on which of the following?: $*$

a$.1\%$ of $($Total invoice $-$ credit for returned merchandise$)$

b$.1\%$ of $($Total invoice $+$ credit for returned merchandise$)$

c$.1\%$ of Total invoice

d$.30\%$ of $($Total invoice $+$ credit for returned merchandise$)$

e$.$ No early payment discount applies