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%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![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 answers
O e. 71%
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Transcribed Image Text: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 answers
O e. 71%
US PAGE
NEXT PAGE
14:16
e to search
a a 40) ENG
15-04-2021
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end
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delete
home
%24
96
&
num
+ backspace
8
9.
lock
V.
P
8 A
T
home
5 c
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