Wyfker Company and Mularkey Company Have Separate Incomes of $38,500

question 158

Multiple Choice

Wyfker Company and Mularkey Company have separate incomes of $38,500 and $42,500,respectively.They had intercompany purchases and sales of $15,000 and intercompany interest of $1,500.Consolidated net income would be

• A) $64,500.
• B) $81,000.
• C) $37,000.
• D) $23,500.

---

Definitions:

Beef Cattle

Cattle specifically raised for producing beef meat, distinguished from dairy cattle which are raised for milk production.

Supply of Beef

The total amount of beef that producers are willing and able to sell at a given price level.

Equilibrium Price

The price at which the quantity of a product demanded by consumers equals the quantity supplied by producers, leading to market stability.

Equilibrium Quantity

The amount of products or services available that matches the amount requested at the price where supply and demand balance.