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:

Genetic Expressions

The process by which information from a gene is used in the synthesis of a functional gene product, like a protein.

Allelic Frequencies

The relative frequencies of different alleles of a particular gene within a population, which can change over time due to evolutionary pressures.

Genetic Expressions

The process by which information from a gene is used in the synthesis of a functional gene product, often leading to the manifestation of a particular trait.

Gene Pool

The total collection of different genes in an interbreeding population.