Answer the Following Questions Using the Information Below

question 76

Multiple Choice

Answer the following questions using the information below:
Alex Furniture sells a table for $850. His fixed costs are $25,000, while his variable costs are $500 per table. He currently plans to sell 175 tables this month.
-What is the budgeted operating income for the month assuming that Alex sells 175 tables?

• A) $45,250
• B) $37,000
• C) $36,250
• D) $36,750

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Definitions:

Justification of Effort

The tendency to attribute a greater value to an outcome they had to put effort into achieving.

Liking

A feeling of affection or fondness towards someone or something.

Suffered

Experienced or been subjected to something bad or unpleasant.

Availability Heuristic

A mental shortcut that relies on immediate examples that come to a person's mind when evaluating a specific topic, concept, method, or decision.