In 2013, Teller Company Sold 3,000 Units at $400 Each

question 53

Multiple Choice

In 2013, Teller Company sold 3,000 units at $400 each.Variable expenses were $280 per unit, and fixed expenses were $160,000.What was Teller's 2013 net income?

• A)$200,000
• B)$360,000
• C)$840,000
• D)$1,200,000

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Definitions:

Leader-Participation Model

A framework suggesting the degree of employee involvement in decision-making depends on the situation and leadership style.

Decision-Making Method

A systematic process or set of steps designed to guide individuals or organizations in identifying and choosing among alternative options to solve a problem or achieve a goal.

Transformational Leadership

A style of leadership where the leader works with teams to identify needed change, creating a vision to guide the change through inspiration, and executing the change in tandem with committed members of the group.

Directing Efforts

The act of guiding or managing resources and activities towards achieving specific goals.