Ridgeway Company's CVP income statement includes sales of 4,200 units, a selling price of $95 per unit, variable expenses of $60 per unit, and fixed expenses of $110,000. What is the net income? a. $36,800 b. $147,000 c. $37,000 d. $84,500

Ridgeway Company's CVP income statement includes sales of 4,200 units, a selling price of $95 per unit, variable expenses of $60 per unit, and fixed expenses of $110,000. What is the net income? a. $36,800 b. $147,000 c. $37,000 d. $84,500

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...

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I want the correct answer with accounting question

Ridgeway Company's CVP income statement includes sales of 4,200 units, a
selling price of $95 per unit, variable expenses of $60 per unit, and fixed
expenses of $110,000. What is the net income?
a. $36,800
b. $147,000
c. $37,000
d. $84,500

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