Pa2.
lo 3.1a company manufactures and sells racing bicycles to specialty retailers. the bomber model sells for $450 and has per-unit variable costs of $200 associated with its production. the company has fixed expenses of $40,000 per month. in may, the company sold 225 of the bomber model bikes.

calculate the contribution margin per unit for the bomber.
calculate the contribution margin ratio of the bomber.
prepare a contribution margin income statement for the month of may.

Greater concern for innovation and quality has shifted the job trend to using more broadly defined jobs. t/f

Match the steps for conducting an informational interview with the tasks in each step.

Miko willingly admits that she is not an accountant by training. she is concerned that her balance sheet might not be correct. she has provided you with the following additional information. 1. the boat actually belongs to miko, not to skysong, inc.. however, because she thinks she might take customers out on the boat occasionally, she decided to list it as an asset of the company. to be consistent, she also listed as a liability of the corporation her personal loan that she took out at the bank to buy the boat. 2. the inventory was originally purchased for $27,500, but due to a surge in demand miko now thinks she could sell it for $39,600. she thought it would be best to record it at $39,600. 3. included in the accounts receivable balance is $11,000 that miko loaned to her brother 5 years ago. miko included this in the receivables of skysong, inc. so she wouldn’t forget that her brother owes her money. (b) provide a corrected balance sheet for skysong, inc.. (hint: to get the balance sheet to balance, adjust stockholders’ equity.) (list assets in order of liquidity.)