Hinge Manufacturing's cost of goods sold is $420,000 variable and $240,000 fixed. The company's selling and administrative expenses are $300,000 variable and $360,000 fixed. If the company's sales is $1,480,000, what is its contribution margin?
a. $160,000
b. $760,000
c. $820,000
d. $880,000
b. $760,000
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An accounting system must be computerized in order to ensure the company has proper internal control
a. True b. False Indicate whether the statement is true or false
If an investor has the right to retire the bonds, they are referred to as callable
a. True b. False Indicate whether the statement is true or false
According to Abraham Maslow, the desire to contribute through philanthropic channels is an example of satisfying
a. social needs. b. safety needs. c. self-actualizing needs. d. ego needs.
Which of the following is NOT true about Social Security?
a. The purpose is to provide full retirement to almost all employees. b. Employers and employees share the cost of contributions for the employees' benefit. c. Self-employed individuals pay the full cost of contributions for their benefit. d. Social security consists of four main programs: OASI, DI, Medicare, and SSI.