Rover Company sells go-carts at $500 each, incurs variable cost per unit of $300, and has a total fixed expense of $50,000. How many units must be sold to achieve a target operating income of $43,000?
A) 215
B) 250
C) 186
D) 465
E) 500
D
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Which of the following is not an acceptable inventory costing method?
a. Specific identification b. Last-In, First-Out (LIFO) c. First-In, First-Out (FIFO) d. Average cost e. Next-In, First-Out (NIFO)
Total assets turnover reflects the effects of turnover ratios for accounts receivable, inventory, and fixed assets
Indicate whether the statement is true or false
Which of the following does not characterize federal transfer taxes?
A. The tax is imposed on the value of wealth transferred because of the death of an individual. B. The tax is imposed on the value of wealth transferred by an individual as a gift. C. The tax is imposed on the value of wealth transferred by an individual to charity. D. All of the above characterize federal transfer taxes.
The first scheduled passenger flight occurred in the United States.
a. true b. false