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

question 101

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 net operating income using the contribution approach for the first quarter is:

• A) $270,000
• B) $180,000
• C) $144,000
• D) $66,000

Recognize the importance of environmental factors and community infrastructure in disease prevention.

Understand the historical development of public health initiatives and their impact on community health.

Analyze the role of government and non-governmental organizations in the advancement of public health.

Identify key figures and their contributions to public health and nursing.

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Definitions:

Graduation

The process of receiving or conferring an academic degree or the ceremony that is sometimes associated, where students become graduates.

Invest

The act of allocating resources, usually money, in the expectation of generating an income or profit.

Promise

A declaration or assurance that one will do a particular thing or that guarantees that a particular thing will happen.

Deposit Today

The action of placing money into a financial account or investment with the expectation of receiving future returns.