Figure 2-6. Seaview Company took the following data from their income statement at the end of the current year.
Refer to Figure 2-6.How many units were sold during the year?
A)3,333
B)1,000
C)1,500
D)2,000

Question

Figure 2-6. Seaview Company took the following data from their income statement at the end of the current year.
 Refer to Figure 2-6.How many units were sold during the year?
A)3,333 
B)1,000 
C)1,500 
D)2,000

Quizplus · Accepted Answer

To calculate the number of units sold, we need to use the formula: Total Revenue/Price per Unit. Total Revenue is given as $240,000 and Price per Unit is given as $120. Therefore, the number of units sold = $240,000/$120 = 2,000 units. Therefore, the answer is option D, 2,000 units.