Answered: If the contribution margin ratio for…

If the contribution margin ratio for France Company is 31%, sales were $431,000, and fixed costs were $100,000, what was the income from operations? a.$26,888 b.$100,000 c.$133,610 d.$33,610

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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Question

If the contribution margin ratio for France Company is 31%, sales were $431,000, and fixed costs were $100,000, what was the income from operations?

a.$26,888

b.$100,000

c.$133,610

d.$33,610

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