Calip Corporation, a merchandising company, reported the following results for October: Sales $433,000 Cost of goods sold (all variable) $173,000 Total variable selling expense $18,000 Total fixed selling expense $9,900 Total variable administrative expense $10,000 Total fixed administrative expense $25,600 The contribution margin for October is: Group of answer choices $260,000 $232,000 $196,500 $369,500

Is exploiting a distinctive competence or improving efficiency for competitive advantage. (a) cooptation (b) coalition (c) competitive intelligence (d) competitive aggression (e) smoothing

Acompany has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 6% of outstanding receivables are uncollectible. the current credit balance (before adjustments) in the allowance for doubtful accounts is $1,200. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for $4,800. true or false

The adjusted trial balance for china tea company at december 31, 2018, is presented below: