An income statement for sam's bookstore for the first quarter of the year is presented below: sam's bookstore income statement for quarter ended march 31 sales $ 910,000 cost of goods sold 560,000 gross margin 350,000 selling and administrative expenses selling $ 119,000 administration 142,000 261,000 net operating income $ 89,000 on average, a book sells for $65. variable selling expenses are $4 per book with the remaining selling expenses being fixed. the variable administrative expenses are 3% of sales with the remainder being fixed. the net operating income using the contribution approach for the first quarter is:

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

answer///video, because samuel can show his work in real time and be better understood;