Forever Quilting Is a Small Company That Makes Quilting Kits

question 154

Multiple Choice

Forever Quilting is a small company that makes quilting kits priced at $120 each. There is no quantity discount. The costs of the materials that go into each kit total $45. It costs $5 in labor to assemble a kit. The company has monthly expenses of $1,000 for rent and insurance, $200 for heat and electricity, $500 for advertising, and $4,500 for the monthly salary of its owner. Last month the company sold 150 kits. Forever Quilting's total revenue for the month was

• A) $4,300.
• B) $6,200.
• C) $7,500.
• D) $10,500.
• E) $18,000.

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Definitions:

Accountable Style

A method of leadership or management where individuals are responsible for their actions and decisions, often involving transparent reporting and feedback mechanisms.

Human And Business Needs

The essential requirements necessary for both individuals and organizations to achieve their goals and maintain well-being.

Career Advancement

The process of moving forward or upward in one's professional life, often through promotions or acquiring new skills.

Tangible

Capable of being touched or felt; having physical presence.