A company has sales of $192,000, fixed costs of $40,000 and a contribution/sales ratio of one-third. What

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A company has sales of $192,000, fixed costs of $40,000 and a contribution/sales ratio of one-third. What are its profits?

A. $24,000

B. $50,667

C. $64,000

D. $88,000

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Accounting For Cambridge International AS And A Level

ISBN: 9780198399711

1st Edition

Authors: Jacqueline Halls Bryan, Peter Hailstone

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Question Posted: Sep 17, 2021 01:45 AM

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A company has sales of $192,000, fixed costs of $40,000 and a contribution/sales ratio of one-third. What

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Accounting For Cambridge International AS And A Level

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