Samson Inc How Much Was the Unit Cost Per Service?
A) $1

question 129

Multiple Choice

Samson Inc. reported the following information for the year 2015: $$\begin{array} { | l | r | } \hline \text { Service Revenue } & \$ 40,000 \\\hline \text { Operating Expenses } & \$ 23,625 \\\hline \text { Net Income } & \$ 16,375 \\\hline \text { Number of Services Provided for the Year } & 10,500 \\\hline\end{array}$$ How much was the unit cost per service?

• A) $1.56
• B) $3.20
• C) $2.25
• D) $3.81

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Definitions:

Income Equality

The equal distribution of income among all members of society, reducing the gap between the richest and poorest.

Social Security Benefits

Payments made to qualified retirees and disabled people, and to their spouses, children, and survivors, funded by payroll taxes.

Medicaid

A government-funded program in the United States that provides health coverage to eligible low-income adults, children, pregnant women, elderly adults, and people with disabilities.

Conservative Theory

In economics, often refers to theories that prioritize free market principles, limited government intervention, and fiscal conservatism.