The income statement for elite manufacturing company for the current year is as follows: sales (15,000 units) $180,000 variable expenses 100,000 contribution margin $ 80,000 fixed expenses 60,000 operating income $ 20,000 what is the contribution margin per unit? (note: round answer to two decimal places.)

Which of the following statements is correct? stockholders should generally be happier than bondholders to have managers invest in risky projects with high potential returns as opposed to safe projects with lower expected returns. potential conflicts between stockholders and bondholders are increased if a firm's bonds are convertible into its common stock. takeovers are most likely to be attempted if the target firm’s stock price is above its intrinsic value. one advantage of operating a business as a corporation is that stockholders can deduct their pro rata share of the taxes the firm pays, thereby eliminating the double taxation investors would face in a partnership.