Ships Ahoy Is a Small Company That Makes Model Sailboat

question 17

Multiple Choice

Ships Ahoy is a small company that makes model sailboat kits priced at $120 each. (There is no quantity discount.) The cost of the materials that go into each kit is $45. It costs $5 in labour to assemble a kit. The company has monthly expenses of $1,000 for rent and insurance, $200 for heat and electricity, $500 for advertising, and $3,500 for the monthly salary of its owner. Last month the company sold 150 kits. Ships Ahoy's total revenue for the month was:

• A)$10,500.
• B)$6,750.
• C)$18,000.
• D)$7,500.

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Definitions:

Interdependence

The mutual reliance between different species, systems, or processes in an ecosystem, illustrating how a change in one can affect others.

Fundamental Ecosystems

Basic ecological units comprised of living organisms and their physical environment, interacting as a system.

Planetary Management

Planetary management is a worldview that regards the Earth as a system to be managed for the benefit of humans, focusing on the manipulation of natural systems to meet human needs.

Economic Growth

The increase in the market value of the goods and services produced by an economy over time, often measured as the percent rate of increase in the real gross domestic product (GDP).