Recent Posts • Latest Topics • Unanswered Questions

Schrute Farm Sales buys portable generators for $450 and sells them for $720. He pays a sales commis

bernie2981

wrote...

Go to Answer

Posts: 3810

Rep:

8 years ago

Schrute Farm Sales buys portable generators for $450 and sells them for $720. He pays a sales commis

Schrute Farm Sales buys portable generators for $450 and sells them for $720. He pays a sales commission of 5% of sales revenue to his sales staff. Mr. Schrute pays $2,000 a month rent for his store, and also pays $1,700 a month to his staff in addition to the commissions. Mr. Schrute sold 200 generators in June. If Mr. Schrute prepares a contribution margin income statement for the month of June, what would be his operating income?
A) $50,500
B) $144,000
C) $43,100
D) $97,200

Textbook

Managerial Accounting

Edition: 4^th

Author: Braun

Read 586 times

2 Replies

Report

Replies

Answer verified by a subject expert

nuclei

wrote...

Related Topics

bernie2981 Author

wrote...

8 years ago

Wow! Thank you

Report

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

1298 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

AJAX Chat © blueimp.net Integrated with SMF

Related Images

332

294

267

Your Opinion

Previous poll results: Who will win the 2024 president election?

The Toxic Skin and Fungi Defense

It's sore throat season, why does my mucus have red spots?

Courses by Biology Forums

Bonobos, Chimpanzees, and the 98% DNA Link

Strange Ingredients Lurking in Doritos Chips

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.