EBK BUSN
EBK BUSN
11th Edition
ISBN: 8220106798461
Author: Kelly
Publisher: YUZU
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Chapter 13, Problem 4LO
Summary Introduction

To discuss: Important key factors in physical distribution.

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Sales price per unit is $25 and variable cost per unit is $15.What is the contribution margin per unit? Need help!
Otis Consulting Group started the year with total assets of $220,000 and total liabilities of $95,000. The company is a sole proprietorship. The revenues and expenses for the year amounted to $175,000 and $87,000, respectively. During the year, there were no new capital contributions, and the owner withdrew $42,000. Calculate Otis's net income for the year.
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