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Power on the Go buys portable generators for $490 and sells them for $750. The company pays a sales commission of 5% of sales revenue
Power on the Go buys portable generators for $490 and sells them for $750. The company pays a sales commission of 5% of sales revenue to the sales staff. The company pays $2,000 a month rent for the store, and also pays $1,900 a month to staff in addition to the commissions. The company sold 700 generators in June. If the company prepares a contribution margin income statement for the month of June, what would be the operating income? A. $159,650 B. $525,000 C. $151,850 D. $369,250
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