Use the Information Below to Answer the Following Question(s)

question 158

Multiple Choice

Use the information below to answer the following question(s) .Macadamia Co.produced and sold 40,000 units last year.Per unit revenue and costs were as follows:
Fixed manufacturing overhead and administrative salaries are fixed costs.The per unit amounts are based on last year's production.
-Calculate this year's operating income if the company plans to produce and sell 60,000 units.

• A)$150,000
• B)$0
• C)$<300,000>
• D)$<650,000>
• E)$300,000

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Definitions:

Banking System

The network of institutions that provide financial services, including the management, distribution, and creation of money among individuals, businesses, and governments.

Reserve Requirement

This is the minimum amount of funds that a bank must hold in reserve against deposits made by customers, a critical tool in monetary policy.

Money Supply

The total amount of money available in an economy at a specific time, including cash and various types of deposits.

Government Securities

Financial instruments issued by the government to finance its expenditures, offering a return to the investors.