Dimitrov Corporation, a company that produces and sells a single product, has provided its contribution format income statement for July.
Sales (6,600 units) $429,000
Variable expenses 297,000
Contribution margin 132,000
Fixed expenses 103,500
Net operating income $28,500
Required:
a) If the company sells 6,500 units, its net operating income should be closest to .

The following items could appear on a bank reconciliation: a. outstanding checks, $670. b. deposits in transit, $1,500. c. nsf check from customer, no. 548, for $175. d. bank collection of note receivable of $800, and interest of $80. e. interest earned on bank balance, $20. f. service charge, $10. g. the business credited cash for $200. the correct amount was $2,000. h. the bank incorrectly decreased the business's by $350 for a check written by another business. classify each item as (1) an addition to the book balance, (2) a subtraction from the book balance, (3) an addition to the bank balance, or (4) a subtraction from the bank balance.