Suppose a Firm Has Net Income of $8 on Sales

question 12

Multiple Choice

Suppose a firm has net income of $8 on sales of $40,fixed assets of $75,and total assets of $90.The firm retains 50% of its earnings.If the firm is operating at 80% capacity,what are the full capacity sales?

• A)$40
• B)$48
• C)$50
• D)$72

Understand the role of parent-adolescent communication in adolescent sexual behavior.

Identify the characteristics of various sexual orientations.

Define and identify examples of juvenile delinquency and status offenses.

Describe factors influencing early initiation of sexual activity.

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Definitions:

Product Costs

All costs incurred to acquire or manufacture a product, including direct materials, direct labor, and manufacturing overhead.

Financial Statements

Reports that provide an overview of a company's financial condition, including the balance sheet, income statement, and cash flow statement.

Balance Sheet

An account showing the assets, liabilities, and equity of shareholders of a firm on a specific date.

Revenue

The total amount of money received by a company for goods sold or services provided during a certain time period.