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1.In cost-volume-profit analysis, the unit contribution margin is: A. Sales price per unit less cost of goods sold per unit. B. Sales price per unit less unit fixed cost per unit. C. Sales price per unit less total variable cost per unit. D. Sales price per unit less unit total cost per unit. 2.Dunkin Company manufactures and sells a single product that sells for $480 per unit; variable costs are $3 Annual fixed costs are $990,000. Current sales volume is $4,200,000. Compute the contribution margin pe unit. A. $480. B. $300. C. $200. D. $180. 3.The Allowance for Doubtful Accounts will appear on the A. Income statement. B. Balance sheet. C. Cash flow statemen D. Owners' equity statement. 4. During the year 2015, J.C. Corporation suffered an $800,000 loss when its factory was destroyed in a flood. Assuming the corporate income tax rate is 36%, what amount will JC. report as an extraordinary loss on its income statement for 2015? Assume floods are not common in this area. A. $800,000. B. $288,000. C. $512,000. D. Nothing, since this does not qualify as an extraordinary item. 5.A company had a beginning balance in retained earnings of $43,000. It had net income of $6,000 and paid out cash dividends of $5,625 in the current period. The ending balance in retained earnings equals: A. $54,625. B. $42,625 C. $11,625. D. $43,375 6.Shamrock Company had net income of $30,000. The weighted-average common shares outstanding were 8,000. The company declared a $2,700 dividend on its noncumulative, nonparticipating preferred stock. There were no other stock transactions. The company's earnings per share is: A. $2.87 B. $2.73 C. $3.41. D. $3.16

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