Sorin Inc., a company that produces and sells a single product, has provided its contribution format income statement for January. 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 should be closest to:
A. $13,362
B. $54,600
C. $69,400
D. $59,800
Answer: D
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The balanced scorecard links the perspectives of an organization's stakeholders with the organization's
a. goals and vision, performance goals, strategic plan, and financial resources. b. mission and overall plan, performance measures, departmental plans, and resources. c. mission and vision, performance measures, strategic plan, and resources. d. mission and vision, performance goals, overall plan, and resources.
Briefly discuss "actual cause" and "proximate cause," and explain the test for determining whether each of these necessary elements of negligence are present in a given case.
What will be an ideal response?
A set of procedures and approvals for verifying, approving and recording liabilities for eventual cash payment, and for issuing checks for payment only of verified, approved, and recorded liabilities is referred to as a(n):
A. Cash disbursement system. B. Voucher system. C. Internal cash system. D. Petty cash system. E. Cash control system.
Some leading-edge companies are applying the prosumer concept. Here, firms team up with their suppliers and alliance partners to satisfy their customer needs.
Answer the following statement true (T) or false (F)