Omega company has sales of $300,000 and cost of goods sold of $200,000. the cost of goods sold is a variable cost. the company incurred $20,000 of fixed operating expenses and $40,000 of variable operating expenses. based on this information a. the company's gross margin is $100,000, while its contribution margin is $60,000. b. net income is $100,000 under the gross margin format and $40,000 under the contribution margin format. c. the company's gross margin is $60,000, while its contribution margin is $100,000. d. net income is $40,000 under the gross margin format and $100,000 under the contribution margin format.

Which of the following is most likely to lead to a general decrease in wages? a. elastic demand b. public goods c. an economic recovery d. immigration 2b2t

You are frustrated to find that the only way to contact the customer service department is to make a phone call. the number listed would result in long distance charges to your phone bill. which issue should be addressed by the company to keep its crm in line with your expectations?

Wilson company paid $5,000 for a 4-month insurance premium in advance on november 1, with coverage beginning on that date. the balance in the prepaid insurance account before adjustment at the end of the year is $5,000, and no adjustments had been made previously. the adjusting entry required on december 31 is: (a) debit cash. $5,000: credit prepaid insurance. $5,000. (b) debit prepaid insurance. $2,500: credit insurance expense. $2500. (c) debit prepaid insurance. $1250: credit insurance expense. $1250. (d) debit insurance expense. $1250: credit prepaid insurance. $1250. (e) debit insurance expense. $2500: credit prepaid insurance. $2500.