Macy of New York sold LeeCo. of Chicago office equipment with a $5,500 list price. Sale terms were 4/10, n/30 FOB New York. Macy agreed to prepay the $70 freight. LeeCo. pays the invoice within the discount period. What does LeeCo. pay Macy?

Miller company’s most recent contribution format income statement is shown below: total per unit sales (20,000 units) $300,000 $15.00 variable expenses 180,000 9.00 contribution margin 120,000 $6.00 fixed expenses 70,000 net operating income $ 50,000 required: prepare a new contribution format income statement under each of the following conditions (consider each case independently): (do not round intermediate calculations. round your "per unit" answers to 2 decimal places.) 1. the number of units sold increases by 15%.