1. Last month, Carey Company had total sales revenue of $90,000. Variable costs totaled $40,000, and fixed costs totaled $20,000. What was the contribution margin?
2. If the return on stock A in year 1 was -9 %, in year 2 was 0 %, in year 3 was -8 % and in year 4 was -6 %, what was the average annual return for stock A over this four year period? (Round your answer to 1 decimal place and record without a percent sign. If your final answer is negative, place a minus sign before the number with no space between the sign and the number).
3. Melloroid Company currently has sales of $680,000. Variable expenses are 35% of sales. At the company’s breakeven point, the company’s sales are $600,000. Given this information, what is the net income at the current level of sales? a) $91,000 b) $52,000 c) $49,000 d) $39,000.