This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Restate the following income statement for a merchandising company in contribution format.Sales ($20 ... (Read 88 times)

kckanistras

  • Full Member
  • ***
  • Posts: 133
on: Feb 5, 2023

Question 1

Restate the following income statement for a merchandising company in contribution format.

Sales ($10 per unit)​$5,000
Less cost of goods sold ($6 per unit)​ 3,000
Gross margin​2,000
Less operating expenses​​
  Commissions ($0.60 per unit)$300​
  Salaries  800 1,100
Operating Income​$  900


Question 2

Restate the following income statement for a merchandising company in contribution format.

Sales ($20 per unit)​$20,000
Less cost of goods sold ($6 per unit)​ 6,000
Gross margin​14,000
Less operating expenses​​
  Shipping charges ($2 per unit)$2,000​
  Salaries3,000​
  Utilities 4,000 9,000
Operating Income​$ 5,000
Managerial Accounting ¦ Davis ¦ 4th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by kckanistras on Feb 5, 2023

Mynameisrandom

  • Full Member
  • ***
  • Posts: 178
Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 49% of students answer this correctly


kckanistras

  • Member
  • Posts: 133
Reply 2 on: Feb 5, 2023
Wow, this really help

epscape

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

The correct statement about hormones-insulin and glucagon The correct statement about hormones-insulin and glucagon
A typical bank statement. A typical bank statement.
Sociologists use income, education, and occupational prestige to measure social class. For most ... Sociologists use income, education, and occupational prestige to measure social class. For most ...
The Inverted Income Pyramid: The Proportion of Income Received by Each Fifth of the U.S. Population The Inverted Income Pyramid: The Proportion of Income Received by Each Fifth of the U.S. Population
Relationship between Income Inequality and Sociopolitical Instability Relationship between Income Inequality and Sociopolitical Instability
An organizational specialist is hired as a consultant to a company planning to open a coffee ... An organizational specialist is hired as a consultant to a company planning to open a coffee ...
Video: Complement Proteins Animation

For a complete list of videos, visit our video library