Ramona Company reported the following data. Price per unit = $10 Sales price ➜ Variable cost per unit = $7 Fixed cost = $1,500 Number of units sold = 700 units Given these data, compute NET INCOME. • $3,400
Ramona Company reported the following data. Price per unit = $10 Sales price ➜ Variable cost per unit = $7 Fixed cost = $1,500 Number of units sold = 700 units Given these data, compute NET INCOME. • $3,400
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Ramona Company reported the following data.
Price per unit = $10 ales price
Variable cost per unit = $7
Fixed cost = $1,500
Number of units sold = 700 units
Given these data, compute NET INCOME.
• $3,400
.
• $1,200
.
• $5,500
• $600
• $800](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa368a6a1-6135-4027-80ca-271cd02327d3%2F5a53b404-9756-4e0b-8ab1-3d0f3db89bbe%2Fyh1934n_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Ramona Company reported the following data.
Price per unit = $10 ales price
Variable cost per unit = $7
Fixed cost = $1,500
Number of units sold = 700 units
Given these data, compute NET INCOME.
• $3,400
.
• $1,200
.
• $5,500
• $600
• $800
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