Bowring Company Took the Following Data from Their Income Statement

question 40

Multiple Choice

Bowring Company took the following data from their income statement at the end of the current year.
$$\begin{array} { l r } \text { Per-unit product cost: } & \$ 30 \\\text { Gross margin percentage: } & 40 \% \\\text { Selling and admini strative expenses } & \$ 30,000 \\\text { Operating income } & \$ 10,000\end{array}$$
-Refer to the Figure.How many units were sold during the year?

• A)1,000
• B)1,500
• C)2,000
• D)3,333

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Definitions:

Pupil

The opening in the center of the iris of the eye that regulates the amount of light that enters.

Saturation

In color theory, the intensity or purity of a color; in chemistry, the point at which a solution can dissolve no more of a substance.

Hue

A color or shade, often referring to the aspect of color that is determined by the wavelength of light.

Brightness

The perception of how luminous an object appears, determined by the amount of light it emits or reflects.