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More company has two divisions: L and M. During July, the contribution margin in Division L was $60,000. The contribution margin ratio in division m was 40% and its sales were $250,000. Division Ms segment margin was $60,000. The common fixed expenses were $50,000 and the company net income was $20,000. The segment margin for division L is?
In late June, the Everest Construction Co. submitted a progress billing on a construction contract for $500,000. On July 2, the bill was approved for payment, subject to a five percent retention, as provided by the contract. The amount that should..
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Why would someone choose to use a perpetual over a period inventory system, and vice versa?
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