Assume the following information for a merchandising company: Number of units sold 20,000
Selling price per unit $ 30
Variable selling expense per unit $ 3.7
Variable administrative expense per unit $ 2.7
Fixed administrative expenses $ 50,000
Beginning merchandise inventory $ 24,000
Ending merchandise inventory $ 19,000
Merchandise purchases $ 340,000
What is the contribution margin?

Cooper, cpa, is auditing the financial statements of a small rural municipality. the receivable balances represent residents’ delinquent real estate taxes. internal control at the municipality is weak. to determine the existence of the accounts receivable balances at the balance sheet date, cooper would most likely: cooper, cpa, is auditing the financial statements of a small rural municipality. the receivable balances represent residents’ delinquent real estate taxes. internal control at the municipality is weak. to determine the existence of the accounts receivable balances at the balance sheet date, cooper would most likely:

Suppose that a monopolistically competitive restaurant is currently serving 260 meals per day (the output where mr

In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.