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Question 1: Bee's Bargain Basement sells a single product. 7,000 units were sold resulting in $70,000 of sales revenue, $28,000 of variable costs, and $12,000 of fixed costs. Breakeven point in units is:
Option 1: 2,000 units
Option 2: 3,000 units
Option 3: 5,000 units
Option 4: None of these answers are correct.
Assessment is designed to reinforce the subject content and develop students' skills and application of knowledge of the subject content to business situations
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