Wendell's Bicycles Store Buys Bicycles on Average for $500 and Sells

question 259

Multiple Choice

Wendell's Bicycles store buys bicycles on average for $500 and sells them on average for $800. He pays a sales commission of 10% of sales revenue to his sales staff. Wendell pays $1,500 a month rent for his store, and also pays $3,000 a month to his staff in addition to the commissions. Wendell sold 100 bicycles in June.
-If Wendell prepares a contribution margin income statement for the month of June, what would be his contribution margin?

• A) $80,000
• B) $22,000
• C) $138,000
• D) $58,000

Acknowledge the role of purchasing power and middle-income households in a country's economy.

Understand global market entry strategies such as exporting and direct investment.

Identify the barriers to international trade and strategies to overcome them.

Recognize the importance of assessing the political and regulatory climate in global marketing strategies.

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Definitions:

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A person licensed to prepare and dispense drugs and prescriptions.

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The provision of information needed for the parties to make an informed decision.

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The client’s right to come to a decision without force, coercion, or manipulation from others.