Last year, lerrific Copying had total revenue of $475 000, while operating at 60% of capacity. The total of its variable cost is $150 000. Fixed costs were $ 000. If the current selling price, variable costs, and fixed costs are the same a last year, what net income can be expected from revenue of $500 000 in the current year Select one: O A. $1 184 210 B. $346 260 C. $394 737 D. $1 418 216
Last year, lerrific Copying had total revenue of $475 000, while operating at 60% of capacity. The total of its variable cost is $150 000. Fixed costs were $ 000. If the current selling price, variable costs, and fixed costs are the same a last year, what net income can be expected from revenue of $500 000 in the current year Select one: O A. $1 184 210 B. $346 260 C. $394 737 D. $1 418 216
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![Last year, Terrific Copying had total revenue of $475 000, while operating at
60% of capacity. The total of its variable cost is $150 000. Fixed costs were $180
000. If the current selling price, variable costs, and fixed costs are the same as
last year, what net income can be expected from revenue of $500 000 in the
current year
Select one:
A. $1 184 210
B. $346 260
C. $394 737
D. $1 418 216
E. $381 388](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F51ba0a0a-9925-4996-beaa-b462829c8d43%2F4f3f43e7-b85d-40a2-b2a2-d21cba89fbd2%2Fa2l4u99_processed.png&w=3840&q=75)
Transcribed Image Text:Last year, Terrific Copying had total revenue of $475 000, while operating at
60% of capacity. The total of its variable cost is $150 000. Fixed costs were $180
000. If the current selling price, variable costs, and fixed costs are the same as
last year, what net income can be expected from revenue of $500 000 in the
current year
Select one:
A. $1 184 210
B. $346 260
C. $394 737
D. $1 418 216
E. $381 388
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