Sjostrom Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (7,000 units)$280,000Variable expenses 182,000Contribution margin 98,000Fixed expenses 84,000Net operating income$14,000 If the selling price increases by $3 per unit and the sales volume decreases by 600 units, the net operating income would be closest to:
A. $35,000
B. $24,800
C. $32,000
D. $19,200
Answer: B
You might also like to view...
An engineer would like to give an electronic presentation on his company's new security product to a client. The engineer would like to project a high-tech, classy, and simple image in his presentation. What color scheme should you recommend that he use?
a. Purple, gold, and black b. Black, red, and yellow c. Gray, blue, and white d. Brown, tan, and off white
Volatility is viewed the following ways EXCEPT:
A) historic. B) forward-looking. C) implied. D) spot.
In order to have rent increase with changing economic conditions, the landlord should include: A) A CAM clause
B) A CPI clause. C) A triple net-net-net clause. D) A percentage net clause.
Maximizing disk contention is one of the general recommendations for the physical storage of databases
a. True b. False Indicate whether the statement is true or false