Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. at a sales level of $300,000, james company's gros

At a sales level of $300,000, James Company's gross margin is $15,000 less than its...

50.1K

Verified Solution

Question

Accounting

image
At a sales level of $300,000, James Company's gross margin is $15,000 less than its contribution margin, its operating income is $50,000, and its total selling and administrative expenses are $120,000. At this sales level, what is the company's contribution margin? $250,000. $185,000. $155,000. $170,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Provide an example of a ritual used in Milan Therapy

Psychology
Q

Use examples to show how one or two of those topics in production and operations management...

General Management
Q

Endosymbiosis states that free living were engulfed and became the of the eukaryotes we see...

Biology
Q

In a hydrogen like atom electron makes transition from an energy level with quantum number...

Physics
Q

16. A child does 350 J of work while pulling a box from the ground...

Physics
Q

Question No 25 The ammeter reading in the following circuit will be 6 0 wwww...

Physics
Q

Charge through a cross section of a conductor is given by Q 3 2 C...

Physics
Q

5 2 1 a 5 g x 9 7 C 7 b 145 y c...

Calculus
Q

differential 2 4y y sin b cost y 8y 1 by e 5 e 4

Algebra
Q

Statement Of Owner's Equity Reporting Net Income Betsy Ray started an accounting service on June...

Accounting
Q

On December 31, 2018, Perry Corporation leased equipment to Admiral Company for a five-year period....

Accounting
Q

The payback method is popular among CFOs because of its bias toward short-term projects.

Finance