Question
Corporation has two products, Beautiful and Gorgeous In the last period, the Corporation's net operating income was $23,000, and the common fixed expenses were $50,000.
Corporation has two products, Beautiful and Gorgeous In the last period, the Corporation's net operating income was $23,000, and the common fixed expenses were $50,000. The contribution margin ratio for Product Beautiful was 40%, its sales were $135,000, and its segment margin was $42,000 (Q) If the contribution margin for Product Gorgeous was $40,000, what was the segment margin for Product Gorgeous? -Corporation has a cash balance of $13,500 on May 1. The company must maintain a minimum cash balance of $11,000. During May, expected cash receipts are $58,000. Cash disbursements during the month are expected to total $67,000. (Q) How much will need to borrow during May? (ignore interest payments)
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