Lagerfield Company Reported the Following Results from the Sale of 5,000

question 91

Multiple Choice

Lagerfield Company reported the following results from the sale of 5,000 hammers in May: sales $200,000, variable costs $120,000, fixed costs $60,000, and net income $20,000. Assume that Lagerfield increases the selling price of hammers by 10% on June 1. How many hammers will have to be sold in June to maintain the same level of net income?

• A) 4,000
• B) 4,300
• C) 4,500
• D) 5,000

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Definitions:

Non-Heterosexual Behaviors

Actions or expressions of sexuality that do not conform to heterosexual norms, encompassing a spectrum of sexual orientations and identities.

Gay Affirmative Therapy

A therapeutic approach that recognizes and supports the sexual orientation of LGBTQ individuals in a positive manner, counteracting societal stigma and discrimination.

Lesbians

Women who are emotionally, romantically, and/or sexually attracted to other women.

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Individuals who are attracted to both males and females.