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Sullens Inc, which produces and sells a single product, has provided its contribution format income statement for July.
-If the company sells 8,600 units, its total contribution margin should be closest to:
Preferred Stock
A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, usually with fixed dividends.
Par
A value assigned the shares of capital stock and stated on the stock certificate.
Dividend
A portion of a company's earnings distributed to its shareholders, typically in cash or additional shares.
Dividend Per Share
The sum of money paid by a company to its shareholders, divided by the total number of shares outstanding, usually expressed as a dollar amount per share.
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