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Baskin Promotions,Inc.sells T-shirts decorated for a variety of concert performers.The company has developed the following budget for the coming year based on a sales forecast of 80,000 T-shirts:
[The following information applies to the questions displayed below.] Baskin Promotions,Inc.sells T-shirts decorated for a variety of concert performers.The company has developed the following budget for the coming year based on a sales forecast of 80,000 T-shirts:    Cost of goods sold and variable operating expenses vary directly with sales,and the income tax rate is 30% at all levels of operating income. If the concert season is slow due to poor weather,Baskin estimates that sales could fall to as low as 60,000 T-shirts. -Assume Baskin actually achieves the 60,000 unit sales level,and that net income actually earned at this level was $70,000.A performance report would indicate that net income was: A) $2,660 over budget. B) $43,120 under budget. C) $90,000 under budget. D) At the budgeted level. Cost of goods sold and variable operating expenses vary directly with sales,and the income tax rate is 30% at all levels of operating income.
If the concert season is slow due to poor weather,Baskin estimates that sales could fall to as low as 60,000 T-shirts.
-Assume Baskin actually achieves the 60,000 unit sales level,and that net income actually earned at this level was $70,000.A performance report would indicate that net income was:

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Definitions:

Extraversion

A personality trait characterized by high levels of sociability, talkativeness, energy and assertiveness.

Agreeableness

A personality trait characterized by attributes such as being kind, sympathetic, cooperative, warm, and considerate.

Neuroticism

A personality trait characterized by emotional instability, anxiety, moodiness, worry, and fear.

Positive Emotion

Feelings or emotions that evoke a sense of well-being, happiness, or contentment in an individual.

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