In 2016, Teller Company Sold 3,000 Units at $600 Each

question 109

Multiple Choice

In 2016, Teller Company sold 3,000 units at $600 each.Variable expenses were $420 per unit, and fixed expenses were $240,000.What was Teller's 2016 net income?

• A)$300,000
• B)$540,000
• C)$1,260,000
• D)$1,800,000

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Definitions:

Classical Conditioning

A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus.

Observational Learning

A learning process through watching the actions of others and the outcomes of those actions, without direct instruction or experience.

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, emphasizing the modification of behavior through reinforcement.

Conditioned Stimulus

A neutral stimulus that, once linked with an unconditioned stimulus, ultimately evokes a conditioned response.