Clapton Inc

question 61

Multiple Choice

Clapton Inc.would like to prepare an income statement for March.Their production department records show that total product costs in March were $225 000 when 50 000 units were produced.Their sales department records show that 46 000 units were sold for $16 each.Monthly administrative and marketing expenses totalled $60 000.What should be net income for March?

• A) $529 000
• B) $473 800
• C) $451 000
• D) $469 000

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Definitions:

Kübler-Ross

A model proposed by Elisabeth Kübler-Ross outlining five stages of grief: denial, anger, bargaining, depression, and acceptance.

Stages Of Death

A concept often referring to the Kubler-Ross model, which includes denial, anger, bargaining, depression, and acceptance as emotional stages experienced by terminally ill patients.

Acceptance

The act of receiving or taking something offered, or the recognition of a new situation or condition without attempting to change it.