Andres Napkin Company sells a product for $80 per unit. Variable costs are $25 per unit, and fixed costs are $4,000 per month. Andres sold 2,000 units in October. Prepare an income statement for October using the contribution margin format
What will be an ideal response
Andres Napkin Company
Contribution Margin Income Statement
Month ended October 31, 20XX
Sales revenue ($80 x 2,000 ) $160,000
Variable costs ($25 x 2,000 ) (50,000 )
Contribution margin 110,000
Fixed costs (4,000 )
Operating income $106,000
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A tenant is renting space in a retail mall. The lease expires expires and the tenant wrongfully holds over after expiration of the lease without the landlord's consent. Tis would be an example of:
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