When used for classification purposes, the ________ scaled numbers serve as labels for classes or categories

Flashbinder Guitars, Inc is negotiating with the bank for a lockbox system that is expected to

reduce check collection time by 4 days. Flashbinder Guitars' average check size is $1,200 and any funds freed up by the new system will be invested in a money-market account that is currently paying 2.5% annually. What is the most Flashbinder Guitars should be willing to pay the bank for the lockbox service, assuming the bank charges a per-check processing fee? A) 32.877 cents B) 20.500 cents C) 29.767 cents D) 30.726 cents

Contribution margin, gross margin and margin of safety

Mirabella Cosmetics manufactures and sells a face cream to small ethnic stores in the greater New York area. It presents the monthly operating income statement shown here to George Lopez, a potential investor in the business. Help Mr. Lopez understand Mirabella's cost structure. Required: 1. Recast the income statement to emphasize contribution margin. 2. Calculate the contribution margin percentage and breakeven point in units and revenues for June 2014. 3. What is the margin of safety (in units) for June 2014? 4. If sales in June were only 8,000 units and Mirabella's tax rate is 30%, calculate its net income.