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Question 35 2 pts Charley Davison Inc. produced 10,000 motorcycles last year and sold 9,000 of them each for $18,000/bike. Variable cost was $13,000/bike. Fixed
Question 35 2 pts Charley Davison Inc. produced 10,000 motorcycles last year and sold 9,000 of them each for $18,000/bike. Variable cost was $13,000/bike. Fixed cost was $25 million and it had no debt. Assume no profits tax. It paid out all profits as dividends. Which of the following are true? Choose two. a) Profits = $20 million = b) Profits = $25 million = c) Profits = -$13 million (loss) o d) Change in cash = +$20 million = e) Change in cash = -$25 million U f) Change in cash = -$13 million
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