"In 1962, George Martin, __________, becomes the group's producer, meeting with them for the first time on June 6th of that year

Answer:

Retained profits.

Explanation:

This typically happens when a business funds its operations through earnings generated from the sale of goods or services.

The income that Carol's Clothiers earns from the sales it conducts, referred to as retained earnings, acts as the main source of capital for expanding their operations.

Furthermore, as an LLP (limited liability partnership), where certain or all partners may have restricted responsibilities, they can utilize their retained earnings to provide dividends to shareholders or to repurchase shares.

c. Horizontal.

<span>The median of a normal distribution is to an outlier as the lunar perigee relates to the lunar orbit. The lunar perigee represents the point where the moon is closest to the Earth. The moon's orbit is elliptical, meaning the perigee is the position of closest approach. At this point, the moon appears larger than its usual size. This variation in distance between the Earth and the moon results from the moon's changing position in its orbit.</span>

Answer:

See the instructions below.

Explanation:

Here is the provided information:

Q= 1,000 units sold

Sales amounting to $ 345,000

Starting merchandise inventory at $ 23,000

Total purchases of $ 230,000

Ending merchandise inventory valued at $ 11,500

Fixed selling expense is $?

Fixed administrative expense totals $ 13,800

Variable selling expense is $ 17,250

Variable administrative expense is $?

Contribution margin stands at $ 69,000

Net operating income equals $ 20,700

Cost of goods sold (COGS) is calculated as: beginning inventory + purchases - ending inventory = 23000 + 230000 - 11500 = $241,500

1) Total revenue is 345000

COGS amounts to 241500

Variable selling expense equals 17250

Variable administrative expense=? =17250 (345000 - 241500 - 17250 - 69000)

The contribution margin is 69000

Fixed selling expense=? = 34500 (69000 - 13800 - 20700)

Fixed administrative expense is 13,800

Net income is 20,700

2) Sales total 345,000

COGS reaches 241500

Gross profit comes to 103500

Administrative expense totals 31050

Selling expense is 51750

Net income arrives at 20700

3) Selling price per unit calculation: total sales/Q= 345000/1000= $345

4) Variable cost per unit calculation: total variable cost/Q= (241500+17250+17250)= $276000/1000= $276

5) Contribution margin per unit calculation: 69000/1000= 69

6) The contribution format income statement is advantageous as it clearly illustrates how each unit influences the contribution margin.

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