Use the Following to Answer Questions: Table: Sunshine Flower Vase

question 226

Multiple Choice

Use the following to answer questions: Table: Sunshine Flower Vase Co. $$\begin{array} { | c | c | } \hline \begin{array} { c } \text { Number of Workers } \\\text { Daily }\end{array} & \text { Total Revenue (\$) } \\\hline 3 & 1,350 \\\hline 4 & 1,580 \\\hline 5 & 1,760 \\\hline 6 & 1,885 \\\hline 7 & 1,965 \\\hline 8 & 2,015 \\\hline\end{array}$$
-(Table: Sunshine Flower Vase Co.) Refer to the table. If the market wage for each worker is $100 per day, how many workers will the company hire?

• A) 4
• B) 5
• C) 6
• D) 7

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Definitions:

Current Tax Liability

The amount of income taxes a company is obligated to pay within the next year.

Accounting Standards

Authoritative standards and principles that guide financial accounting and reporting practices for businesses and organizations.

Deferred Tax Item

An accounting concept representing a future tax liability or asset, resulting from temporary differences between the carrying amount of an asset or liability in the balance sheet and its tax base.