Omega company has sales of $300,000 and cost of goods sold of $200,000. the cost of goods sold is a variable cost. the company incurred $20,000 of fixed operating expenses and $40,000 of variable operating expenses. based on this information a. the company's gross margin is $100,000, while its contribution margin is $60,000. b. net income is $100,000 under the gross margin format and $40,000 under the contribution margin format. c. the company's gross margin is $60,000, while its contribution margin is $100,000. d. net income is $40,000 under the gross margin format and $100,000 under the contribution margin format.
Answers: 3
Business, 21.06.2019 19:20
Anderson, a computer engineer, and spouse, who is unemployed, provide more than half of the support for their child, age 23, who is a full-time student and who earns $7,000. they also provide more than half of the support for their older child, age 33, who earns $2,000 during the year. how many dependents may the andersons claim on their joint tax return?
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Business, 21.06.2019 23:20
Which feature transfers a slide show into a word-processing document?
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Business, 22.06.2019 13:30
On january 2, well co. purchased 10% of rea, inc.โs outstanding common shares for $400,000, which equaled the carrying amount and the fair value of the interest purchased in reaโs net assets. well did not elect the fair value option. because well is the largest single shareholder in rea, and wellโs officers are a majority on reaโs board of directors, well exercises significant influence over rea. rea reported net income of $500,000 for the year and paid dividends of $150,000. in its december 31 balance sheet, what amount should well report as investment in rea?
Answers: 3
Omega company has sales of $300,000 and cost of goods sold of $200,000. the cost of goods sold is a...
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