During Its First Year of Operations, Silverman Company Paid $15,085

question 54

Multiple Choice

During its first year of operations, Silverman Company paid $15,085 for direct materials and $10,200 for production workers' wages. Lease payments and utilities on the production facilities amounted to $9,200 while general, selling, and administrative expenses totaled $4,700. The company produced 6,050 units and sold 3,700 units at a price of $8.20 a unit.What was Silverman's net income for the first year in operation?

• A) $4,550
• B) $25,640
• C) $5,055
• D) $21,140

Recognize the significance of retention strategies and the factors influencing employee turnover.

Understand the recruitment and selection process for hiring qualified personnel.

Comprehend the strategic role of human resource management in organizations.

Understand the factors that influence employee engagement within an organization.

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