Henricks Company Has the Following Information Available What Is the Gross Margin and Net Income?
A) $200,000;

question 75

Multiple Choice

Henricks Company has the following information available:
$\begin{array}{ll}\text { Revencie }&\$500,000\\\text { Variable production costs }&\$100,000\\\text { Fixed production costs }&\$100,000\\\text { Variable selling costs } & \$ 50,000 \\\text { Fixed selling costs } & \$ 50,000\end{array}$
What is the gross margin and net income?

• A) $200,000; $200,000
• B) $250,000; $150,000
• C) $300,000; $200,000
• D) $400,000: $200,000

---

Definitions:

Formal Preparation

The process of systematically planning and organizing tasks or activities in advance, often for a specific event or purpose.

University

An institution of higher education and research, which awards academic degrees in various disciplines, providing both undergraduate and postgraduate education.

Professional Way

Refers to handling situations or tasks with a level of expertise, ethics, and effectiveness that meets industry standards or expectations.

Job Search

The process of actively seeking new employment opportunities, often involving researching openings, networking, and applying for positions.