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fenix001 [56]
3 years ago
11

Cross Creek Clinic has revenue totaling $200,000. The clinic has costs totaling $100,000. Of this amount, 60% is variable cost a

nd 40% is fixed cost. What is the clinic’s contribution margin, expressed in dollars?
Business
1 answer:
krek1111 [17]3 years ago
7 0

Answer:

Contribution Margin= $140,000

Explanation:

Giving the following information:

Cross Creek Clinic has revenue totaling $200,000. The clinic has costs totaling $100,000. Of this amount, 60% is a variable cost and 40% is fixed cost.

To calculate the contribution margin we need to use the following formula:

Contribution margin= total sales - total variable cost

CM= 200,000 - (100,000*0.6)= $140,000

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Entry is given below

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7 0
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On January 15, Cheyenne Corp. sells merchandise on account to Flounder Associates for $4500 with terms 2/10, n/30. On January 20
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Answer:

The amount of cash received on January 24 is $3332

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</span>
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Read 2 more answers
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