Multiple Choice
Stanley's Bicycles store buys bicycles on average for $600 and sells them on average for $780. He pays a sales commission of 15% of sales revenue to his sales staff. Stanley pays $1600 a month rent for his store, and also pays $5000 a month to his staff in addition to the commissions. Stanley sold 140 bicycles in June. If Stanley prepares a contribution margin income statement for the month of June, what would be his operating income?
A) $10,560
B) $109,200
C) $100,380
D) $2220
Correct Answer:
Verified
Correct Answer:
Verified
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