If Selling Price Per Unit Is $55, Variable Costs Per

question 60

Multiple Choice

If selling price per unit is $55, variable costs per unit are $25, total fixed costs are $24,000, the tax rate is 35%, and the company sells 7,000 units, net income is ________.

• A) $186,000
• B) $75,250
• C) $136,500
• D) $120,900

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Definitions:

Insert Dialog Box

A window that appears in software applications allowing users to insert objects, files, or elements into their documents or projects.

Insert Tab

A feature in many software applications that provides quick access to tools for inserting various elements like tables, images, and shapes.

Order Of Operations

The set of rules that specifies the sequence in which mathematical operations are performed to accurately calculate an expression.

Leftmost Formulas

Leftmost Formulas are formulas in spreadsheet software that are located in the leftmost cells of a row or column, often used to calculate summaries or key values from other data in the row or column.