Toby's Farm Store Buys Portable Generators for $500 and Sells

question 251

Multiple Choice

Toby's Farm Store buys portable generators for $500 and sells them for $800.He pays a sales commission of 5% of sales revenue to his sales staff.Toby pays $2,000 a month rent for his store,and also pays $1,800 a month to his staff in addition to the commissions.Toby sold 200 generators in June.
-If Toby prepares a contribution margin income statement for the month of June,what would be his contribution margin?

• A)$268,000
• B)$160,000
• C)$52,000
• D)$108,000

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Definitions:

Follicle-Stimulating Hormone

A hormone secreted by the pituitary gland that stimulates the growth of ovarian follicles in females and sperm production in males.

Testosterone Levels

The amount of the male sex hormone, testosterone, present in the bloodstream, affecting various bodily functions and characteristics.

Estradiol Levels

The concentration of estradiol, a form of estrogen that plays a critical role in reproductive and menstrual functions, in the blood.

Progesterone Levels

The concentration of progesterone, a hormone important for regulating the menstrual cycle and maintaining pregnancy, in the body.