Nizwa Co. has the following information available for December 2019: Unit selling price of a TV unit OMR 2,000 Unit variable costs OMR 500 Total fixed costs OMR 240,000 Units sold 400 The total net income is: Select one: O a. 240,000 O b. 210,000 O c. 460,000 O d. None of the answers are correct e. 242,000

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter12: Differential Analysis And Product Pricing
Section: Chapter Questions
Problem 1SEQ: Mario Company is considering discontinuing a product. The costs of the product consist of $20,000...
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Nizwa Co. has the following information available for December 2019:
Unit selling price of a TV unit
OMR
2,000
Unit variable costs
OMR
500
Total fixed costs
OMR
240,000
Units sold
400
The total net income is:
Select one:
a. 240,000
b. 210,000
C. 460,000
O d. None of the answers are correct
e. 242,000
Transcribed Image Text:Nizwa Co. has the following information available for December 2019: Unit selling price of a TV unit OMR 2,000 Unit variable costs OMR 500 Total fixed costs OMR 240,000 Units sold 400 The total net income is: Select one: a. 240,000 b. 210,000 C. 460,000 O d. None of the answers are correct e. 242,000
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