Assume the Following Cost Information for Quayle Corporation

question 60

Multiple Choice

Assume the following cost information for Quayle Corporation:

-What volume of sales dollars is required to earn an after-tax net income of $15,000?

• A) $196,875
• B) $157,500
• C) $135,000
• D) $168,750

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Definitions:

Diminishing Returns

A principle stating that if one factor of production is increased while other factors are held constant, the incremental output gained will eventually decrease.

Study Time

The amount of time allocated towards learning or academic activities outside formal teaching sessions.

Learning Process

A complex activity involving the acquisition of knowledge, skills, behaviors, or values, often through study, experience, or teaching.

Additive Manufacturing

A process of creating objects by adding layer upon layer of material, commonly referred to as 3D printing.