The following information is available for chap company. sales: 350,000cost of goods sold: 120,000total fixed expenses: 60,000total variable expenses: 100,000which amount would you find on chap's cvp income statement? a. contribution margin of $250,000b. contribution margin of $190,000c. gross profit of $230,000d. gross profit of $190,000

A. Contribution margin of $250,000 and C. Gross profit of $230,000.

Explanation:

Sales = $350,000

Cost of goods sold = $120,000

Total fixed expenses = $60,000

Total variable expenses = $100,000

Therefore,

Gross profit = Sales - Cost of goods sold

                    = $350,000 - $120,000

                    = $230,000

Contribution margin = Sales - Total variable cost

                                  = $350,000 - $100,000

                                  = $250,000

The right options are A. Contribution margin of $250,000 and C. Gross profit of $230,000.

hi noah!

the first time you break a rule, you get a warning.

if you continue to break rules you get kicked out for a certain amount of time.

so, to answer your question 1.

hope this buddy!

- courtney

answer; yield to maturity;