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

question 110

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 are the estimated total costs if Genend's store expects to sell 8,000 units next year?

• A) $812,117
• B) $1,729,600
• C) $1,952,200
• D) $380,450

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Definitions:

Voidable

Refers to a contract that may appear valid but can be legally declared void at the option of one of the parties.

N.S.F.

Stands for "Non-Sufficient Funds," indicating that a bank account does not have enough balance to cover a transaction.

Antique Desk

A desk of old age valued for its historical significance, craftsmanship, or rarity.

Rectification

The process of correcting a mistake in a legal document to reflect the true intent of the parties involved.