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BAGS, Inc. manufactures and sells golf balls. For 2010 it sold 1.0 million golf balls and ended the fiscal year with the following income statement:
Sales $2,000,000Variable Costs $200,000Fixed Costs $800,000EBIT $1,000,000Interest $300,000EBT $700,000Tax $240,000Net Income $460,000
What was BAGS' breakeven point in units sold for 2010?
An administrator at Saint Jude Hospital is planning how to use some space made available when the outpatient clinic moved to a new building. She has narrowed choices, as follows:
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Stock X has a standard deviation of returns of 0.6, and Stock Y has a standard deviation of 0.4. The correlation of the two stock is 0.5.
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