The Following Income Statement Is Provided for Ramirez Company for the Current

question 46

Multiple Choice

The following income statement is provided for Ramirez Company for the current year: $\begin{array}{|l|r|}\hline\text { Sales revenue (2,500 units x } \$ 40 \text { per unit) } & \$ 100,000 \\\hline \text { Cost of goods sold (varable; } 2,500 \text { units x } \$ 16 \text { per unit) } & (40,000) \\\hline \text { Cost of goods sold (fixed) } & (8,000) \\\hline \text { Gross margin } & 52,000 \\\hline \text { Administrative salaries } & (12,000) \\\hline \text { Depreciation } & (8,000) \\\hline \text { Supplies (2,500 units x } \$ 4 \text { per unit) } & (10,000) \\\hline \text { Net income } & \$ \quad 22,000\\\hline\end{array}$
What amount was the company's contribution margin?

• A)$50,000
• B)$22,000
• C)$52,000
• D)$60,000

Recognize various laboratory techniques and materials used in the identification and growth of microorganisms.

Understand the principles and procedures involved in microbiological staining techniques.

Describe the procedures for safe and effective specimen collection and transportation.

Recognize the role of microorganisms in human health, including both pathogenic and beneficial organisms.

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Definitions:

Fair Value

The payment one could achieve by divesting an asset or the liability assumed in an exchange among market actors on the designated evaluation date.

Acquisition

The process by which one company takes over another, either through the purchase of its shares or assets.

Journal Entries

The method used in accounting to record all the financial transactions of a business, ensuring every credit entry is matched with a debit entry.

Media Regulation

involves the control and guidance of media operations through laws and guidelines to ensure public good, accuracy, and respect for privacy.