Farmers' Industries Has Fixed Costs of $600000 and Variable Costs

question 66

Multiple Choice

Farmers' Industries has fixed costs of $600000 and variable costs are 60% of sales. How much will Farmers report as sales when its net income equals $60000?

• A) $1650000
• B) $1100000
• C) $1560000
• D) $396000

---

Definitions:

Ethical Theory

A branch of philosophy that investigates the principles of right and wrong conduct, moral life, and moral judgments.

Ethical Relativism

The belief that moral standards vary between individuals, cultures, or situations and that there are no absolute universal moral standards.

Self-Preservation

The protection of oneself from harm or destruction, often considered a basic instinct in humans and animals.

Situational Ethics

is an ethical framework suggesting that the rightness or wrongness of an action depends on the specific context, rather than on universal moral laws.