During March, a firm expects its total sales to be $160,000, its total variable costs to be $95,000, and its total fixed costs to be $25,000. The contribution margin for March is:
A. $90,000.
B. $120,000.
C. $25,000.
D. $65,000.
E. $40,000.
Answer: D
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Indicate whether the statement is true or false
Cowtown Creamery, Inc, needs a certain part for its pasteurizing equipment to continue its operations and orders one for $3,000 from Dairy Supplies Company. Cowtown tells Dairy Supplies that it must receive the part by Tuesday or it will lose $10,000. Dairy Supplies ships the part late. Cowtown can recover
a. $13,000. b. $10,000. c. $3,000. d. $0.
Answer the following statement(s) true (T) or false (F)
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Regina wants to open her own coffee stand. To do that she will need equipment and supplies. The two methods Regina can use to pay for these items are:
A. cash flow and balance sheets. B. accounts receivable and accounts payable. C. assets and liabilities D. debt and equity.