GB 519 RANK Extraordinary Life/gb519rank.com GB 519 RANK Extraordinary Life/gb519rank.com | Page 36

Invoice Cost 41.70 Sales Commission 18.30 Total Per Unit Variable Cost $ 60.00 Fixed Costs: Advertising $ 56,000 Rent 78,000 Salaries 226,000 Total Annual Fixed Costs $ 360,000 If 40,000 office chairs were sold, Stylish Sitting ' s operating income would be: Student Answer: $ 240,000. $ 280,000. $ 210,000. $ 340,000. $ 120,000. UNIT 3 QUIZ

Question 14. Question: Thompson Refrigerators Inc. needs to prepare pro forma financial

statements for the next fiscal year. To do so, the company must

Invoice Cost 41.70 Sales Commission 18.30 Total Per Unit Variable Cost $ 60.00 Fixed Costs: Advertising $ 56,000 Rent 78,000 Salaries 226,000 Total Annual Fixed Costs $ 360,000 If 40,000 office chairs were sold, Stylish Sitting ' s operating income would be: Student Answer: $ 240,000. $ 280,000. $ 210,000. $ 340,000. $ 120,000. UNIT 3 QUIZ

Question 14. Question: Thompson Refrigerators Inc. needs to prepare pro forma financial

statements for the next fiscal year. To do so, the company must