An Income Statement for Sam's Bookstore for the First Quarter

question 332

Multiple Choice

An income statement for Sam's Bookstore for the first quarter of the year is presented below: On average, a book sells for $50. Variable selling expenses are $5 per book with the remaining selling expenses being fixed. The variable administrative expenses are 4% of sales with the remainder being fixed.The contribution margin for Sam's Bookstore for the first quarter is:

• A) $180,000
• B) $774,000
• C) $144,000
• D) $756,000

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Definitions:

Exposure-Disease Relationship

The association between a specific factor or exposure and the risk of developing a particular disease or health condition.

Factor X

An element, influence, or set of circumstances that contributes to a result or outcome.

Selection Bias

A distortion in statistical analysis resulting from the method of collecting samples, leading to an unrepresentative sample and misleading results.

Cohort Study

An observational study in which a defined group of people (the cohort) is followed over time to study the incidence of disease or various outcomes.