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