Bowring Company Took the Following Data from Their Income Statement

question 173

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.What was the sales price per unit?

• A)$10
• B)$20
• C)$30
• D)$50

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Definitions:

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Jung

Carl Jung, a Swiss psychiatrist and psychoanalyst who founded analytical psychology, known for his concepts of the collective unconscious, archetypes, and introversion and extraversion.

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Nomothetic Approach

A research approach that aims to discover general laws and principles by studying large groups of people and emphasizing statistical averages.