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?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

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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Question

100%

What was Carter electronics income from operations on these general accounting question?

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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