Your Company sells exercise bikes for $675 each. The following cost formula relates to last year's operations:   Y = $147,500 + $157X. Your Company sold 475 bikes last year, what was its net income last year? a) $93,370 b) $320,625 c) $74,575 d) $246,050 e) $98,550

Moyas Corporation sells a single product for $20 per unit. Last year, the company's sales revenuewas $300,000 and its net operating income was $24,000. If fixed expenses totaled $96,000 for theyear, the break-even point in unit sales was:A) 12,000 units B) 14,100 units C) 9,900 units D) 15,000 units

Assume Rajan Manufacturing Ltd makes sports vest for local soccer, baseball, basketball, and other sports teams. Rajan, the owner, purchases the vests and prints graphics on the vests for each team. The graphics were designed several years ago, so design costs are no longer incurred. On average, Rajan sells 1,000 vests each month. Typical monthly financial data is shown below:  Per Unit Total Monthly Data at 1,000 Vests Sales revenue $20 $20 000 Variable costs:       Direct materials $8 $8 000       Direct labour 2 2 000      Manufacturing overhead 3 13 3 000 13 000 Contribution margin $ 7 $ 7 000 Fixed costs (rent, salaries, etc.) 4 000 Profit $ 3 000     The monthly information provided relates to the company’s routine monthly operations. A representative of the local university recently approached Rajan to ask about a one-time special order. The university will be hosting a state-wide soccer event and is willing to pay Rajan’s Manufacturing $17 per shirt to make 200 custom vests for…

Fourth Street Lighting shows a net income of $224 000 for the previous year. If the contribution rate for the store was 40.3%, and the fixed cost was $315 000, what were last year’s sales?