A Company That Makes Customized Pens Has Calculated Their Revenue

question 10

Multiple Choice

A company that makes customized pens has calculated their revenue and costs as follows for the most recent fiscal period: Sales $100 000
Costs:
Fixed Costs $???????
Variable Costs 15 000
Total Costs ???????
Net Income (Loss) $(20 000)
What are the company's fixed costs per fiscal period?

• A) $105 000
• B) $115 000
• C) $80 000
• D) $85 000
• E) $120 000

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Definitions:

Components

Components in programming refer to reusable pieces of software or hardware that can be integrated to form a functional system.

Composition

In programming, the concept of building classes whose instances are derived from other classes not through inheritance but by including them as instance variables.

Is-a

The "Is-a" relationship in object-oriented programming describes an inheritance connection where a child class is a more specific instance of a parent class.

Has-a

A relationship in object-oriented programming where one class contains a reference to another, indicating a posession or usage relationship.