Answered: If the contribution margin ratio for…

If the contribution margin ratio for France Company is 32%, sales are $488,000, and fixed costs are $110,000, the operating income is Oa. Si10,000 Ob. $46,160 Oc. 536,928 Od. S156,160

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 32%, sales are $488,000, and fixed costs are $110,000, the operating income is
Oa. S110,000
Ob. $46,160
Oc. $36,928
Od. S156,160
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