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options: a.) $280,000 b.) $808,600 c.) $666,400 d ) $243,600 please answer clearly with steps. An income statement for Sam's Bookstore for the first quarter
options:
a.) $280,000 b.) $808,600 c.) $666,400 d ) $243,600
please answer clearly with steps.
An income statement for Sam's Bookstore for the first quarter of the year is presented below: On average, a book sells for $70, Varlable selling expenses are $5 per book with the remaining selling expenses belng fixed, The varlable administrative expenses are 4% of sales with the remainder being flxed, The contribution margin for Sam's Bookstore for the first quarter is: Multiple Choice $280,000 $808,600Step by Step Solution
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