Answer the Following Questions Using the Information Below

question 3

Multiple Choice

Answer the following questions using the information below:
Holly's Ham, Inc. sells hams during the major holiday seasons. During the current year 11,000 hams were sold resulting in $220,000 of sales revenue, $55,000 of variable costs, and $24,000 of fixed costs.
-Fixed costs equal $12,000, unit contribution margin equals $20, and the number of units sold equal 1,600. Operating income is:

• A)$12,000
• B)$20,000
• C)$32,000
• D)$40,000

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Definitions:

Extraembryonic Membrane

Membranes that are not part of the embryo but provide crucial support functions, such as nutrition and waste removal, during development in the womb.

Blastopore

The opening of the central cavity of an embryo in the early stage of development, which can develop into the mouth or anus in different animals.

Blastocoel

The fluid-filled cavity that forms inside the blastula, an early stage in the embryonic development of animals.

Capacitation

A physiological change that sperm undergo to gain the ability to penetrate and fertilize an egg.