Your Company sells exercise bikes for $675 each. The following cost formula relates to last year's operations: Y = $135,000 + $157X. Your Company sold 520 bikes last year, what was its net income last year? Group of answer choices $134,360 $351,000 $269,360 $104,360 $ 81,640

Your Company sells exercise bikes for $675 each. The following cost formula relates to last year's operations: Y = $135,000 + $157X. Your Company sold 520 bikes last year, what was its net income last year? Group of answer choices $134,360 $351,000 $269,360 $104,360 $ 81,640

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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