Rovinsky corporation, a company that produces and sells a single product, has provided its contribution format income statement for november. sales (7,300 units) $ 350,400 variable expenses 204,400 contribution margin 146,000 fixed expenses 103,500 net operating income $ 42,500 if the company sells 7,200 units, its net operating income should be closest to:

1. is the act of declaring a drivers license void and terminated when it is determined that the license was issued through error or fraud.

Costco wholesale corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 471 locations across the u.s. as well as in canada, mexico and puerto rico. as of its fiscal year-end 2005, costco had approximately 21.2 million members. selected fiscal-year information from the company's balance sheets follows. ($ millions). selected balance sheet data 2005 2004 merchandise inventories $4,015 $3,644 deferred membership income (liability) 501 454 (a) during fiscal 2005, costco collected $1,120 cash for membership fees. use the financial statement effectstemplate to record the cash collected for membership fees. (b) in 2005, costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). record thistransaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2005. use the financial statementeffects template to record these merchandise purchases. assume all of costco's purchases are on credit.

Sole proprietorships produce more goods and services than does any other form of business organization.