Farmers' Industries Has Fixed Costs of $600000 and Variable Costs

question 66

Multiple Choice

Farmers' Industries has fixed costs of $600000 and variable costs are 60% of sales. How much will Farmers report as sales when its net income equals $60000?

• A) $1650000
• B) $1100000
• C) $1560000
• D) $396000

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Definitions:

Personality Disorder

A type of mental disorder characterized by enduring maladaptive patterns of behavior, cognition, and inner experience, exhibited across many contexts.

Diagnostic

Pertaining to the identification of the nature or cause of a health problem, often involving analysis of physical symptoms and medical testing.

Statistical Manual

Refers generally to comprehensive publications that categorize and define statistical data or diagnostic criteria, such as the DSM for psychiatric disorders.

Psychological Disorders

A range of conditions characterized by abnormal thoughts, feelings, or behaviors that may cause distress or prevent normal functioning.