A manufacturer of premium wire strippers has supplied the following data: Units produced and sold 580,000Sales revenue$4,176,000Variable manufacturing expense$2,871,000Fixed manufacturing expense$778,000Variable selling and administrative expense$348,000Fixed selling and administrative expense$104,000Net operating income$75,000 The company's unit contribution margin is closest to:
A. $6.60 per unit
B. $1.65 per unit
C. $5.55 per unit
D. $2.25 per unit
Answer: B
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Fill in the blank(s) with correct word
Mega Skateboard Supplier had net sales of $2.1 million, its cost of goods sold was $1.1 million, and its net income was $0.7 million. Its gross margin ratio equals:
A. 48%. B. 191%. C. 33%. D. 52%. E. 64%.
Because workgroups develop their own subcultures, __________ can be used to build a common cultural foundation.
A. mass emails B. instant messaging programs C. bulletin boards D. intranets E. IRC channels
Since a stock split changes information of a business, this transaction needs to be recorded
Indicate whether the statement is true or false