Reference: 18_05 Thomas Company Has Total Fixed Costs of $360,000 and Variable

question 162

Multiple Choice

Reference: 18_05
Thomas Company has total fixed costs of $360,000 and variable costs of $14 per unit. If the unit sales price is reduced from $24 to $20 and advertising is increased by $10,000, sales will increase from 40,000 to 65,000 units.
-What are the contribution margin and net income under the current conditions?

• A) $650,000 and $280,000 respectively.
• B) $400,000 and $40,000 respectively.
• C) $280,000 and $40,000 respectively.
• D) $390,000 and $20,000 respectively.
• E) $400,000 and $20,000 respectively.

Explain how hegemony works in maintaining power and influence within groups and society.

Understand the basic principles of population ecology.

Identify and describe different life history traits and survivorship curves.

Recognize the concept of carrying capacity and its determinants.

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Definitions:

Low Crime Area

A geographic region characterized by significantly lower instances of criminal activity compared to the surrounding areas or national averages.

Factorial Designs

Experimental setups that allow researchers to examine the effects of two or more independent variables on a dependent variable simultaneously.

Single-Factor Designs

Experimental setups that involve only one independent variable to test its effect on a dependent variable.

Interaction Effects

Occurs when the effect of one independent variable on the dependent variable differs across the levels of another independent variable.