Sully company provided the following information for last month. production in units 3,000 direct materials cost $7,000 direct labor cost $10,000 overhead cost $9,600 sales commission per unit sold $4 price per unit sold $29 fixed selling and administrative expense $7,000 there were no beginning and ending inventories. what is gross margin for sully company last month?

a.$64,600
b.$60,400
c.$47,400
d.$54,000
e.$32,400

The simple interest in a loan of $200 at 10 percent interest per year is

Which statement or statements are implied by equilibrium conditions of the loanable funds market? a firm borrowing in the loanable funds market invests those funds with a higher expected return than any firm that is not borrowing. investment projects which use borrowed funds are guaranteed to be profitable even after paying interest expenses. the quantity of savings is maximized, thus the quantity of investment is maximized. a loan is made at the minimum interest rate of all current borrowing.

Madeline quits her job, at which she was earning $20,000 per year. she then takes $50,000 out of savings, on which she was earning 10% interest, and uses it to buy supplies for her business. she also pays $10,000 in rent on the building and $15,000 in additional labor costs. in her first year of operations, madeline receives $150,000 in revenue from sales. instructions: round each answer to a whole number. madeline's accounting cost is