Breakeven sales for optimix are closest

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Reference no: EM131966369

1. You have been given the following data pertaining to the Optimix Company; Sales, $10,000,000; Cost of goods sold, $7,000,000; Net profit, $1,000,000. Breakeven sales for Optimix are closest to;

a. $5,666,667

b. $6,666,667

c. $8,000,000

d. $9,000,000

2. Suppose you own a put option for one share of Google stock with a strike price of $150.00 and that you purchased it for $20.00. Assume that, on the expiration date, the price of Google stock is $100.00. You will ________ from this option.

a) lose $30

b) lose $20

c) gain $20

d) gain $30

Reference no: EM131966369

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