During Its First Year of Operations,Silverman Company Paid $14,000 for Direct

question 63

Multiple Choice

During its first year of operations,Silverman Company paid $14,000 for direct materials and $19,000 for production workers' wages.Lease payments and utilities on the production facilities amounted to $17,000 while general,selling,and administrative expenses totaled $8,000.The company produced 5,000 units and sold 3,000 units at a price of $15.00 a unit. What was Silverman's net income for the first year in operation?

• A) $7,000
• B) $12,000
• C) $28,000
• D) $37,000

Recognize the variability in people's susceptibility to hypnosis and its implications.

Identify and understand the different stages of sleep and their characteristics.

Understand the effects of psychoactive drugs, including their potential for dependence and tolerance.

Gain knowledge on dream content, including factors influencing dreams and types of dreams.

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Definitions:

Collect Like Terms

A mathematical process of combining terms in an algebraic expression that have the same variables raised to the same power.

Operation Indicated

Refers to carrying out the arithmetic or mathematical operation that a particular problem or equation specifies.

Collect Like Terms

Collecting like terms is a process in algebra where terms with the same variables are summed or combined to simplify expressions.

Operation Indicated

Refers to performing the specific mathematical operation requested in an equation or problem.