Carter Electronics has a contribution margin ratio of 40%. The company's sales revenue for the period was $950,000, and its fixed costs totalled $250,000. What was Carter Electronics' income from operations?
Carter Electronics has a contribution margin ratio of 40%. The company's sales revenue for the period was $950,000, and its fixed costs totalled $250,000. What was Carter Electronics' income from operations?
Chapter12: Balanced Scorecard And Other Performance Measures
Section: Chapter Questions
Problem 5EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...
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What was Carter electronics income from operations on these general accounting question?

Transcribed Image Text:Carter Electronics has a contribution margin
ratio of 40%. The company's sales revenue
for the period was $950,000, and its fixed
costs totalled $250,000. What was Carter
Electronics' income from operations?
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