Department a Had Gross Profit on Sales of $29,000, Contribution

question 17

Multiple Choice

Department A had gross profit on sales of $29,000, contribution margin of $19,800, total direct expenses of $9,200, and total indirect expenses of $7,900. Department A has:

• A)a net income from operations of $10,600.
• B)a net income from operations of $11,900.
• C)a net loss from operations of $7,900.
• D)a net income from operations of $2,700.

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Definitions:

Legal Persons

Entities that have legal rights and obligations, including the capability to own property, enter into contracts, and sue or be sued, can be either individuals or organizations such as corporations.

Personal Jurisdiction

The legal authority of a court over the parties to a lawsuit, based on their geographic or other relevant connections to the location where the court sits.

Service of Process

The procedure by which a party to a lawsuit gives an appropriate notice of initial legal action to another party (such as a defendant), court, or administrative body, thus allowing them to respond to the proceeding.

Montana

A state located in the Western United States, known for its vast wilderness areas and Rocky Mountain landscapes.