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:

Income Activities

Actions or operations that generate revenue or income for a business.

Manufacturing Business

A type of business that produces finished goods from raw materials through a combination of manpower, machines, and chemical processes.

Statement of Stockholders' Equity

A financial document that shows changes in the equity section of the balance sheet over a period, including net income, dividend payments, and issuance or repurchase of stock.

Stockholder's Equity

The interest in a corporation's assets that exists after debts are paid off, reflecting a stake in ownership.