The Carolina Christmas Tree Corporation Grows and Sells 500 Christmas

question 103

Multiple Choice

The Carolina Christmas Tree Corporation grows and sells 500 Christmas trees. The average cost of production per tree is $50. Each tree sells for a price of $65. The Carolina Christmas Tree Corporation's total revenues are

• A)$7,500.
• B)$25,000.
• C)$32,500.
• D)$67,500.

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Definitions:

Transaction

An agreement between a buyer and a seller to exchange goods, services, or financial instruments.

Evidence

Information or details that provide proof or support for assertions, decisions, or beliefs.

New Account

An account that has been recently opened in the financial books of a business or an individual's newly established account with a financial institution.

Transaction

An event or agreement between two or more parties that has a financial impact on the business.