The University Store, Incorporated Is the Major Bookseller for Four

question 128

Multiple Choice

The University Store, Incorporated is the major bookseller for four nearby colleges. An income statement for the first quarter of the year is presented below: On average, a book sells for $40.00. Variable selling expenses are $3.00 per book; the remaining selling expenses are fixed. The variable administrative expenses are 5% of sales; the remainder of the administrative expenses are fixed.The contribution margin for the University Store for the first quarter is:

• A) $660,000
• B) $700,000
• C) $180,000
• D) $140,000

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Definitions:

Urogenital Sinus

A part of the embryonic development stage which eventually forms parts of the urinary and genital tracts.

Uterine Horn

The pointed end of the uterus where it meets the fallopian tubes in many animals, playing a key role in the reproductive system.

Urinary Bladder

A muscular sac in the pelvic cavity that stores urine before it is excreted from the body.

Major Calyx

A part of the kidney that collects urine from the minor calyces before it moves to the renal pelvis.