Windspring Spas,Inc Calculate the Contribution Margin for August

question 26

Multiple Choice

Windspring Spas,Inc.reports the following information for August: $$\begin{array} { | l | r | } \hline \text { Sales Revenue } & \$ 780,000 \\\hline \text { Variable Costs } & 150,000 \\\hline \text { Fixed Costs } & 80,000 \\\hline\end{array}$$ Calculate the contribution margin for August.

• A) $70,000
• B) $630,000
• C) $550,000
• D) $700,000

Understand the hormonal regulations of the reproductive cycle.

Describe the changes occurring during puberty in females.

Understand the concept and application of tests such as the Pap test in reproductive health.

Recognize the sequence of events in the male and female sexual act and reproductive processes.

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Definitions:

Allowance For Doubtful Accounts

A contra-asset account that represents the estimated amount of receivables which are not expected to be collected.

Accounts Receivable Turnover

A financial metric that measures how efficiently a company collects revenue from its credit sales by dividing net credit sales by the average accounts receivable.

Net Credit Sales

Sales made on credit minus any returns or allowances.

Accounts Receivable

The money owed to a business by its customers for goods or services delivered but not yet paid for.