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:

Seconal

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A powerful opiate analgesic drug derived from the opium poppy, used to relieve severe pain.

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A sleep disorder causing feelings of panic or dread, typically occurring during the first hours of stage 3-4 non-REM sleep and often remembered only partially.