A textbook publisher produces a textbook for $25 per book and sells 160 books to the Campus Bookstore for $50 per unit. The bookstore sells the textbook new for $75 and used for $60. This edition of the book is used for 2 years (4 semesters). The book-store sells all textbooks that it has at the beginning each semester, and it repurchases 50% of those at the end of each semester for $30. What is the sales income over the life of this 160-unit lot of textbooks? OA $16,800 OB. $11,600 OC.$11,900 D. $14,000 E. None of the given answers are correct.

A textbook publisher produces a textbook for $25 per book and sells 160 books to the Campus Bookstore for $50 per unit. The bookstore sells the textbook new for $75 and used for $60. This edition of the book is used for 2 years (4 semesters). The book-store sells all textbooks that it has at the beginning each semester, and it repurchases 50% of those at the end of each semester for $30. What is the sales income over the life of this 160-unit lot of textbooks? OA $16,800 OB. $11,600 OC.$11,900 D. $14,000 E. None of the given answers are correct.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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