Philadelphia company has the following information for march:
sales
$450,000
variable cost of goods sold
240,000
fixed manufacturing costs
70,000
variable selling and administrative expenses
52,000
fixed selling and administrating expenses
35,000
determine the:
(a) manufacturing margin
(b) contribution margin
(c) income from operations for philadelphia company

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

The answer is a. i think