If sales are 5809,000 , variable costs are 65% of sales, and operating income is $262,000, the contribution margin ratio is a. 65% b. 39N c. 35% d. 61% Dove Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business ate $245,000,$313,000, and $422,000, respectively, for September, October, and November. The company expects to sell 25% of its merchandise for cash. Of sales on account, 70\% are expected to be collected in the month of the sale and 30% in the month following the sale. The cash collections in November are b. 5105,109 b. 376,970 C. 1721,590 d. 5397475 Southern Company is preparing a cash budget for April. The company has $12,000 cash at the beginning of April and anticlpates $30,000 in cash receipts and $34,500 in cash disbursements during April. Southern Company has an agreement with its bank to maintain a minimum cash balance of $10,000. To maintain the required balance during April, the company must a. boirow 57,500 b. borrow 55,000 c. borrew 34,400 a. banmw S2,500 If a business had sales of $4,495,000 and a margin of safety of 20%, the break-even point was a. $5,394,000 b. 5899,000 c. $3,596,000 d. $8,091,000