Warbler Gift's reported the following information for the sales of their single product: TotalPer UnitSales$300,000 $10 Variable expenses 180,000 6 Contribution margin 120,000 $4 Fixed expenses 100,000 Net operating income$20,000 Warbler's salesmen have proposed to decrease the selling price by 50 cents per unit. How many units will need to be sold for Warbler to earn at least the same net operating income?
A. 28,572 units
B. 5,715 units
C. 36,000 units
D. 34,286 units
Answer: D
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a. Increase by $9,000 b. Decrease by $6,000 c. Decrease by $3,000 d. Increase by $6,000
Extraordinary repairs usually are recorded by making a debit to
a. a capital account. b. Repair Expense. c. a contra-asset account. d. an asset account.
Monica is completing performance evaluations for her employees. She is set to evaluate Tom’s performance. He has performed average throughout the evaluation period. All of the employees she has evaluated today were poor performers. Under the contrast effect, Monica is likely to evaluate Tom’s performance as ______.
A. very poor B. very high C. average D. poor
When Nestlé voluntarily donates cases of water bottles to the American Red Cross to help in its disaster relief efforts, this is an example of corporate ________.
Fill in the blank(s) with the appropriate word(s).