Arbor Company had the following transactions in June: Bought portable generators for $500 each Sold 200 generators in June for $800 each . . • Paid a sales commission of 5% of sales revenue . Paid $2,000 per month rent for the store Paid $1,800 a month to the sales staff in addition to commissions If Arbor prepares a contribution margin income statement for the month of June, what would be the contribution margin? O a. $52,000 O b. $268,000 O c. $160,000 O d. $108,000

Arbor Company had the following transactions in June: Bought portable generators for $500 each Sold 200 generators in June for $800 each . . • Paid a sales commission of 5% of sales revenue . Paid $2,000 per month rent for the store Paid $1,800 a month to the sales staff in addition to commissions If Arbor prepares a contribution margin income statement for the month of June, what would be the contribution margin? O a. $52,000 O b. $268,000 O c. $160,000 O d. $108,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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