Curtis Company anticipates selling 10,000 units next year. The company wants to earn an operating income equal to 10% of sales. If variable expenses are $12 per unit, and fixed expenses total $78,000 per year, what selling price must be established to achieve the desired level of operating income?

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1. A check involves three parties. The person directed to receive the money is called the a.endorser. b.payee. c.drawer. d.drawee.     2. The time an asset is expected to last is called its a.fiscal period. b.depreciation. c.useful life. d.net loss value.   3. In reconciling a bank statement, the bank statement balance is $1,000 and the balance per books is $1,205. A bank service charge is $5; a deposit in transit totals $500; and outstanding checks total $300. The journal entry for a bank service charge would include a.debiting Cash and crediting Miscellaneous Expense. b.debiting Miscellaneous Expense and crediting Cash. c.debiting Cash and crediting Owner's Capital. d.debiting Accounts Payable and crediting Cash.   4. The journal entry to close revenue accounts includes   a.debiting the revenue accounts and crediting the drawing account. b.debiting the revenue accounts and crediting Cash. c.debiting the revenue accounts and crediting Income Summary. d.debiting Income Summary…