If sales are $28,000, variable costs are $8,000, and fixed costs are $4,000, the contribution margin ratio is:(rounded to the nearest number)O a. 57%O b. 29%O c. 14%O d. None of the given answersO e. 71%US PAGENEXT PAGE14:16e to searcha a 40) ENG15-04-2021prt scendDg updeletehome%2496&num+ backspace89.lockV.P8 AThome5 centerDJKpauseNMT shift11Cendaltctrl

Contribution margin is the sales revenue over and above its variable costs.

If sales are $28,000, variable costs are $8,000, and fixed costs are $4,000, the contribution margin ratio is: (rounded to the nearest number) O a. 57% O b. 29% О с. 14% O d. None of the given answers О е. 71%

If sales are $28,000, variable costs are $8,000, and fixed costs are $4,000, the contribution margin ratio is: (rounded to the nearest number) O a. 57% O b. 29% О с. 14% O d. None of the given answers О е. 71%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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ezto.mheducation.com/ext/map/index.html?_con%3Dcon&external_browser=D0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghm Assume the following (1) contribution margin = $150,0000 (2) net operating income $15,000, and (3) sales increase by 14%. Given these three assumptions, net operating income will increase by: Multiple Choice 15 1%. 14%. 116. 140%. < Prev 15 of 50 Next 2 Search for anything
/quiz/attempt.php?attempt3D1457214&cmid%3D719121&page%3D8%#3question-1620910-30 Academic O b. 38,500 O c. 56,000 O d. 101,500 e. 70,000 Clear my choice All else being equal, what happens to the unit contribution margin and the contribution margin ratio if the sales price per unit decrease? Select one: O a. Unit contribution margin increases while contribution margin ratio decreases. O b. Both unit contribution margin and contribution margin ratio increase. O c. None of the given answers. O d. Unit contribution margin decreases while contribution margin ratio increases. O e. Both unit contribution margin and contribution margin ratio are unchanged. Next page ge here to search
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10 of 16)-Mozilla Firefox n.squ.edu.om/mod/quiz/attempt.php?attempt=D1893449&cmid%3D891193&page%3D9 IG SYSTEM (ACADEMIC) erial Accounting - Spring21 Time left 1:29:43 If sales are $24,000, variable costs are $8,000, and fixed costs are $3,000, the contribution margin ratio is: (rounded to the nearest number) a. 13% O b. 67% None of the given answers Od. 33% O e. 54% Company XYZ is currently operating with a 65% contribution margin. The company is planning an upgrade in its production facilities, which is expected to increase sales by $10,000. However, this upgrade is expected to increase
Marked out of O b. $1.66 1.00 O c. $3.33 P Flag O d. $2.66 question O e. $4.16 Question 20 If sales are $24,000, variable costs are $8,000, and fixed costs are $3,000, the contribution margin ratio is: (rounded to the nearest number) Not yet O a. 67% answered O b. 13% Marked out of 1.00 O c. 33% P Flag O d. 54% question O e. None of the given answers 0 al - eT:4 TOSHIBA
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