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:

Social Support

The perception or reality of being cared for, valued, and part of a network of communication and mutual obligation.

Making Social Comparisons

The process of evaluating oneself by comparing with others, often to assess one's abilities, status, or opinions.

Reappraisal

A cognitive process that involves changing one's emotional response to a situation by altering its meaning or interpretation.

Eyeglasses

Corrective or protective lenses mounted in a frame that holds them in front of a person's eyes, typically used to correct vision impairments.