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58) The following is Arkadia Corporation's contribution format income statement for last month: Per Unit Sales $1,200,000 $60.00 Less Variable Expenses 800,000 $40.00 Contribution Margin
58)
The following is Arkadia Corporation's contribution format income statement for last month:
|
| Per Unit |
Sales | $1,200,000 | $60.00 |
Less Variable Expenses | 800,000 | $40.00 |
Contribution Margin | $400,000 | $20.00 |
Less Fixed Expenses | 300,000 |
|
Net Income | $100,000 |
|
What is the company's contribution margin ratio? Show your work.
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Secretarial Audits Under Corporate Laws And Annual Return Certification
Authors: CS Shilpa Dixit And CS Amogh Diwan CS Milind Kasodekar
1st Edition
9389449324, 978-9389449327
