Question
Compton Corporation is a wholesale distributor of educational CD-ROMs. The company's records indicate the following: This Year Last Year Units Sold 250,000 200,000 Sales $
Compton Corporation is a wholesale distributor of educational CD-ROMs. The company's records indicate the following:
| This Year | Last Year | |||||
| Units Sold | 250,000 | 200,000 | ||||
| Sales | $ | 1,250,000 | $ | 1,000,000 | ||
| Cost of goods sold | 875,000 | 700,000 | ||||
| Gross margin | 375,000 | 300,000 | ||||
| Selling and administrative expenses | 222,000 | 210,000 | ||||
| Net operating income | $ | 153,000 | $ | 90,000 | ||
What is the company's contribution margin for this year?
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Contribution Margin Sales Cost of Goods Sold Sales For This Year the relevant figures are ...
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
