1 The body that makes the accounting laws and is authorized to as a "policeman" in the US is the Public Company Accounting Standards Board PCAOB) All of the above Securities Exchange Commissions (SEC) US Congress Financial Accounting Standards Board(FASB) 4 pts Question 2 A company's contribution income statement as follows: TREAT EACH PART INDEPENDENTLY Questions for Reginad Company Sales (20,000 units @ 60 per unit) $1,200,000 Less: Variable cost 20,000@ $45 900,000 Contribution margin 300,000 Less fixed cost 240,000 Net income 60,000 The company's Contribution Margin Ratio is 25% 10% O 15% O None of the above 20% Question 3 A company's contribution income statement as follows: TREAT EACH PART INDEPENDENTLY Questions for Reginad Company Sales (20,000 units @ 60 per unit) $1,200,000 Less: Variable cost 20,000@ $45 900,000 Contribution margin 300,000 Less fixed cost 240,000 Net income 60,000 A company's Contribution margin ratio is also called? O Adequate ratio O Conservative ratio O None of the above O Sales margin ratio O Variable ratio > Question 4 A company's contribution income statement as follows: TREAT EACH PART INDEPENDENTLY Questions for Reginad Company Sales (20,000 units @ 60 per unit) $1,200,000 Less: Variable cost 20,000@ $45 900,000 Contribution margin 300,000 Less fixed cost 240,000 Net income 60,000 The company's breakeven point in units are respectively? 16,000 units O None of the above O 20,000 units O 6,000 units O 12,000 units