Sorin Inc., a company that produces and sells a single product, has provided its contribution format income statement for January. Sales (3,400 units) $ 88,400 Variable expenses 43,316 Contribution margin 45,084 Fixed expenses 33,400 Net operating income $ 11,684 If the company sells 3,800 units, its total contribution margin should be closest to: (Do not round intermediate calculations.)

Which of the following is a problem for the production of public goods?

Annuity payments are assumed to come at the end of each payment period (termed an ordinary annuity). however, an exception occurs when the annuity payments come at the beginning of each period (termed an annuity due). what is the future value of a 13-year annuity of $2,800 per period where payments come at the beginning of each period? the interest rate is 9 percent. use appendix c for an approximate answer, but calculate your final answer using the formula and financial calculator methods. to find the future value of an annuity due when using the appendix tables, add 1 to n and subtract 1 from the tabular value. for example, to find the future value of a $100 payment at the beginning of each period for five periods at 10 percent, go to appendix c for n = 6 and i = 10 percent. look up the value of 7.716 and subtract 1 from it for an answer of 6.716 or $671.60 ($100 × 6.716)

What is the sequence of events that could lead to trade surplus