Answer the Following Questions Using the Information Below:
Genend's Good

question 163

Multiple Choice

Answer the following questions using the information below:
Genend's Good Value Appliance Store is a small company that has hired you to perform some management advisory services. The following information pertains to 2015 operations.
$\begin{array}{lr}\text { Sales ( } 6,000 \text { microwave ovens) } & \$ 1,740,000 \\\text { Cost of goods sold } & 960,000 \\\text { Store manager's salary per year } & 100,000 \\\text { Operating costs per year } & 250,000 \\\text { Advertising and promotion per year } & 30,000 \\\text { Commissions (3\% of sales) } & 52,200\end{array}$
-What was the variable cost per unit sold for 2015?

• A) $8.70
• B) $160
• C) $168.70
• D) $232

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Definitions:

Objective Terms

The words or phrases used to describe facts or reality without influence from personal feelings or interpretations.

Gentrified

Refers to a process where a neighborhood undergoes urban renewal, leading to increased property values and displacing lower-income residents.

Blighted Neighborhood

An area of a city that is deteriorating, underdeveloped, or impoverished, often characterized by a decline in infrastructure and housing quality.

Upscale Restaurants

Dining establishments that offer high-quality food and services, often characterized by a formal atmosphere and higher prices.