contribution margin for July is:1) $333,8002) $209,0003) $233,7004) $164.700The Question 16A merchandising company reported the following results for July, shown here$402.800$169,100$17.100$14.200$7.600$30,100SalesCost of goods sold (all variable))Total variable selling expenseTotal fised selling expenseTotal variable administrative expenseTotal fixed administrative expense

Question 16 A merchandising company reported the following results for July, shown here Sales $402.800 Cost of goods sold (all variable). $169,100 Total variable selling expense $17,100 $14.200 Total fixed selling expense Total variable administrative expense Total fixed administrative expense $7.600 $30,100

Question 16 A merchandising company reported the following results for July, shown here Sales $402.800 Cost of goods sold (all variable). $169,100 Total variable selling expense $17,100 $14.200 Total fixed selling expense Total variable administrative expense Total fixed administrative expense $7.600 $30,100

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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PROBLEM 23-10A IS MY QUESTION. POSTED 23-9A FOR REFERENCE FOR 23-10A. Problem 23-9A: Zowine Company's condensed income statement for the year ended December 31, 20-2, was as follows: Net sales 765,000 Cost of goods sold 550,000 Gross profit 215,000 Operating expenses 30,000 Income before taxes 185,000 Income tax expense 65,000 Net income 120,000 Additional information obtained from Zowine's comparative balance sheets as of December 31, 20-2 and 20-1, was as follows: 20-2 20-1 Cash $60,000 $ 20,000 Accounts receivable 70,000 100,000 Merchandise inventory 80,000 125,000 Accounts payable 55,000 90,000 Required Prepare a partial statement of cash flows reporting cash provided by operating activities for the year ended December 31, 20-2. (NO ANSWER IS NEEDED FOR THIS... REFER TO BELOW) Refer to Problem 23-9A (above). The following additional information was obtained from Zowine's financial statements and auxiliary records for…
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