A manufacturer of cedar shingles has supplied the following data: Bundles of cedar shakes produced and sold 280,000
Sales revenue $2,072,000
Variable manufacturing expense $1,134,000
Fixed manufacturing expense $436,000
Variable selling and administrative expense $238,000
Fixed selling and administrative expense $164,000
Net operating income $100,000
The company;s contribution margin ratio is closest to:.
a. 41%.
b. 59%.
c. 33%.
d. 67%.

On july 2, year 4, wynn, inc., purchased as a short-term investment a $1 million face-value kean co. 8% bond for $910,000 plus accrued interest to yield 10%. the bonds mature on january 1, year 11, and pay interest annually on january 1. on december 31, year 4, the bonds had a fair value of $945,000. on february 13, year 5, wynn sold the bonds for $920,000. in its december 31, year 4, balance sheet, what amount should wynn report for the bond if it is classified as an available-for-sale security?