All of Corporation's sales are on account, Sixty percent of the credit sales are collected in the month of sale, 25% in the month following sale, and 10% in the second month following sale. The remainder are uncollectible. The following are budgeted sales data for the company: Cash receipts in April are expected to be: $420,000 $545,000 $605,000 $185,000 At its $60 selling price, Atlantic Company has sales of $15,000, variable manufacturing costs of $4,000, fixed manufacturing costs of $1,000, variable selling and administrative costs of $2,000 and fixed selling and administrative costs of $1,000. What is the company's contribution margin per unit? $26 $28 $44 $36 Which of the following costs is not considered to be a period cost? Warehousing costs Depredation of delivery vehicles Salaries paid to company executives Freight paid on a purchase of raw materials The following balance sheet information is provided for Duke Company for 2014: What Is the company's current ratio? 1.16 1.31 2.53 3.79