2C1B FOR THE YEAR JUST ENDED, SILVERSTONE COMPANY’S SALES REVENUE WAS...
210.
CSO: 2C1b
LOS: 2C1b
For the year just ended, Silverstone Company’s sales revenue was $450,000.
Silverstone’s fixed costs were $120,000 and its variable costs amounted to $270,000. For
the current year sales are forecasted at $500,000. If the fixed costs do not change,
Silverstone’s profits this year will be
a.
$60,000.
b.
$80,000.
c.
$110,000.
d.
$200,000.