XYZ Corporation Produced 300 Units of Output but Sold Only

question 17

Multiple Choice

XYZ Corporation produced 300 units of output but sold only 255 of the units it produced.The average cost of production for each unit of output produced was $100.Each of the 255 units sold was sold for a price of $100.What would total revenue for XYZ Corporation be

• A)-$2700
• B)$2700
• C)$21,125
• D)$25,500

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Definitions:

Credit Rating

An assessment of the creditworthiness of a borrower in general terms or with respect to a particular debt or financial obligation.

Prime Rate

The interest rate that commercial banks charge their most creditworthy customers, typically used as a benchmark for many other loans and credit products.

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Funds that customers place into a bank account, which can range from savings and checking accounts to fixed deposits.

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