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Murrr4er [49]
3 years ago
8

Sorin Inc., a company that produces and sells a single product, has provided its contribution format income statement for Januar

y.Sales (4,200 units) $155,400Variable expenses 100,800Contribution margin 54,600Fixed expenses 42,400Net operating income $ 12,200If the company sells 4,600 units, its total contribution margin would be:___________A) $54,600B) $59,800C) $69,400D) $13,362
Business
1 answer:
Kazeer [188]3 years ago
3 0

Answer:

B. $59,800

Explanation:

We can get the total contribution margin by;

= [ Contribution margin / Sales (units) ] × Sales sold by the company

= ( $54,600 / 4,200 ) × 4,600

= $59,800

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2 years ago
On June 1, Pina Colada Corp. borrows $111,000 from First Bank on a 6-month, $111,000, 8% note.
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June 1

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