Use This Information for Rusty Co

question 208

Multiple Choice

Use this information for Rusty Co. to answer the questions that follow.
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Rusty Co. sells two products, X and Y. Last year, Rusty sold 5,000 units of X and 35,000 units of Y. Related data are as follows:
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-What was Rusty Co.'s sales mix last year?

• A) 58% X, 42% Y
• B) 60% X, 40% Y
• C) 30% X, 70% Y
• D) 12.5% X, 87.5% Y

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Definitions:

Means-Testing

The procedure to determine eligibility for government assistance or services based on the applicant's financial means or income level.

Inheritance Taxes

Taxes imposed on the value of an estate or property transferred from a deceased person to their heirs.

Government Benefits

Financial assistance programs provided by the government to individuals or groups to support their income, health, education, or welfare.

Double Taxation

A phenomenon where income is taxed twice, typically once at the corporate level and again at the individual level when distributed as dividends.