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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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