Murphy Company Produces Flash Drives for Computers Which It Sells

question 70

Multiple Choice

Murphy Company produces flash drives for computers which it sells for $20 each. Each flash drive costs $6 of variable costs to make. During April 700 drives were sold. Fixed costs for April were $4 per unit for a total of $2800 for the month. How much does Murphy's operating income increase for each $1000 increase in revenue per month?

• A) $700
• B) $500
• C) $14000
• D) Not enough information to determine the answer.

Describe the technological innovations in church construction during the Romanesque period.

Analyze the symbolism in Romanesque sculpture and its thematic relevance to contemporary religious thought.

Understand the importance of strategic leadership in maintaining a sense of urgency for achieving organizational objectives.

Grasp the concepts of competing based on price or product and the exclusivity of these strategies within market competition.

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Definitions:

Stopped Payment

A request made to a financial institution to not pay or cancel a check or payment that has been issued but not yet cashed.

$500 Check

A bank-issued document that orders the bank to pay the stated amount, in this case, five hundred dollars, from the issuer's account to the entity or individual named on the check.

Recover in Court

The process of obtaining a judicial remedy or compensation through legal proceedings.

Drawee

The party in a financial transaction who is directed to pay a specified amount of money on a check or draft.