Use the Following Information for the Following Questions:
on April $\$ 700$

question 53

Multiple Choice

Use the following information for the following questions:
On April 1, Heavy Metal Corp. consigned 50 handcrafted benches to Disco Co. Heavy Metal’s cost was $ 350 per bench. Total freight costs were $ 700, which were paid by Disco. On August 1, Heavy Metal received a cheque for $ 14,100 from Disco which included the following information:
Number of units sold:..............................20
Expenses deducted:
Freight:.......................................................... $\$ 700$
Commission (20\% of sales price) ...............?
Advertising.................................................. $\$ 450$
Delivery....................................................... $\$ 290$
-Under the earnings approach, total sales were

• A) $ 15,540.
• B) $ 18,550.
• C) $ 19,060.
• D) $ 19,425.

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Definitions:

Children's Meals

Specially designed and portioned meals for children, often featuring nutritional considerations and appealing presentations.

Demand Curve

A graph showing the relationship between the quantity of a good consumers are willing to buy and its price.

Marginal Cost

The cost incurred by producing one additional unit of the product.

Monopolist

A Monopolist is a sole provider of a product or service in a market, facing no competition and having the power to control prices and market supply.