Question: DO NOT USE AI TO ANSWER THIS QUESTION. AI DOES NOT DO WELL IN FINANCE Thank you for not using AI. Only one answer is
DO NOT USE AI TO ANSWER THIS QUESTION.
AI DOES NOT DO WELL IN FINANCE
Thank you for not using AI.
Only one answer is correct, and that is one of the options.
Jimmy Olsen, Inc. sells photographs for $200 each. With sales of 11,000 photos, Jimmy Olsen realized an operating profit (i.e. EBIT) of $400,000. Fixed o and annual interest expense is $200,000. If the operating breakeven point in dollars is $866,666.67, what is the variable cost per unit?
A. $60
B. $120
C. $140
D. $160
E. $180
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