Assume the following (1) selling price per unit = $25, (2) variable expense per unit = $13, (3) unit sales = 2,520, and (4) total fixed expenses = $25,000. Given these four assumptions, net operating income must be: rev: 07_17_2020_QC_CS-208650 Multiple Choice O O O $7,760. $5,240. $38,000. $27,520.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Assume the following (1) selling price per unit = $25, (2) variable expense per unit
= $13, (3) unit sales = 2,520, and (4) total fixed expenses = $25,000. Given these
four assumptions, net operating income must be:
rev: 07_17_2020_QC_CS-208650
Multiple Choice
о
о
O
$7,760.
$5,240.
$38,000.
$27,520.
Transcribed Image Text:Assume the following (1) selling price per unit = $25, (2) variable expense per unit = $13, (3) unit sales = 2,520, and (4) total fixed expenses = $25,000. Given these four assumptions, net operating income must be: rev: 07_17_2020_QC_CS-208650 Multiple Choice о о O $7,760. $5,240. $38,000. $27,520.
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