Stanley's bicycles store buys bicycles on average for $600 and sells them on average for $750. he pays a sales commission of 15% of sales revenue to his sales staff. stanley pays $1900 a month rent for his store, and also pays $5000 a month to his staff in addition to the commissions. stanley sold 110 bicycles in june. if stanley prepares a contribution margin income statement for the month of june, what would be his contribution margin?

what are the options

explanation:

b $274.07

step-by-step explanation:

you just devide 222 by 0.81

answer; read and consider the content of the items;

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.