Refer to the Following Trial Balance

question 56

Multiple Choice

Refer to the following trial balance. How much are net sales revenues?

• A)$465,000
• B)$480,000
• C)$102,000
• D)$96,000

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Definitions:

Total Fixed Cost

The sum of all costs that remain constant regardless of the level of production or business activity.

Output

The total amount of goods and services produced by a company, sector, or economy.

Total Output

The total quantity of goods and services produced by an economy or firm during a specific period.

Marginal Cost

The cost incurred by producing one more unit of a product or service.