In 2016, Teller Company Sold 3,000 Units at $600 Each

question 109

Multiple Choice

In 2016, Teller Company sold 3,000 units at $600 each.Variable expenses were $420 per unit, and fixed expenses were $240,000.What was Teller's 2016 net income?

• A)$300,000
• B)$540,000
• C)$1,260,000
• D)$1,800,000

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Definitions:

Craft Unionism

A type of unionism where workers in the same trade or craft form their own unions, focusing on specific skills or occupations.

Industrial Unionism

A labor organization principle that seeks to unite all workers in a particular industry, regardless of specific trades or professions, into a single union.

Public Sector Workers

Employees who work for government entities at the federal, state, or local level, including education, emergency services, and healthcare.

Unionization

The process of forming or joining a union, where workers unite to negotiate with employers over wages, hours, benefits, and working conditions.