Find the answer to this question here. Super convenient online flashcards for studying and checking your answers!

(Correct Answer Below)

Reveal the answer to this question whenever you are ready.

Starwise Company Had The Following Amounts From Its Income Statement:

Sales revenue $100,000 Cost of goods sold-fixed 32,000 Cost of goods sold-variable 25,000 Selling expenses-fixed 9,000 Selling expenses-variable 11,000 Administrative expenses-fixed 12,000 Administrative expenses-variable 8,000 How much is Starwise's contribution margin?
Front

Advertisement

Sales less variable costs equals contribution margin: $100,000 - $25,000 - $11,000 - $8,000 = $56,000
Enter another question to find a notecard:

About the flashcard:

This flashcard is meant to be used for studying, quizzing and learning new information. Many scouting web questions are common questions that are typically seen in the classroom, for homework or on quizzes and tests. Flashcards vary depending on the topic, questions and age group. The cards are meant to be seen as a digital flashcard as they appear double sided, or rather hide the answer giving you the opportunity to think about the question at hand and answer it in your head or on a sheet before revealing the correct answer to yourself or studying partner. Some questions will include multiple choice options to show you the options involved and other questions will just have the questions and corrects answers. Simply reveal the answer when you are ready to check your work. Absolutely no cheating is acceptable.

You May also Like:

[wcp-carousel id="1853"]