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1. Bobble, Inc. has a contribution margin ration of 45%. This month, sales revenue was $200,000, and profit was $40,000. How much are Bobble's fixed
1. Bobble, Inc. has a contribution margin ration of 45%. This month, sales revenue was $200,000, and profit was $40,000. How much are Bobble's fixed costs?
a. | $18,000 | |
b. | $45,000 | |
c. | $50,000 | |
d. | $90,000 |
2. Bobble, Inc. has a contribution margin ration of 45%. This month, profit was $40,000 and fixed costs were $50,000. How much was Bobble's sales revenue?
a. | $40,500 | |
b. | $90,000 | |
c. | $111,111 | |
d. | $200,000
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