FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

Assume a company reported the following results: Sales $ 400,000 Variable expenses 260,000 Contribution margin 140,000 Fixed expenses 104,000 Net operating income $ 36,000 Average

Assume a company reported the following results: Sales $ 400,000 Variable expenses 260,000 Contribution margin 140,000 Fixed expenses 104,000 Net operating income $ 36,000 Average operating assets $ 300,000 The margin is closest to: Multiple Choice 35.0%. 9.0%. 133.3%. 12.7%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting
Financial Accounting

Authors: Robert F. Meigs, Jan R. Williams, Mark S. Bettner, Susan F. Haka, Sue Haka

11th Edition

0072516682, 978-0072516685

More Books

Students explore these related Accounting questions

Question

What prompts a company to change from a global standardization to a transnational strategy, and what new implementation problems arise as it does so?

Answered: 3 weeks ago

Question

Give a set different from any of those described in the examples of the text and not a set of numbers. Define two different binary operations * and *' on this set. Be sure that your set is well...

Answered: 3 weeks ago

Question

=+6. Ultimately, how well can you predict Charges? Consider not just the R2 , but also the se. (Be

Answered: 3 weeks ago

Question

Where people look for news is different for various age groups. A study indicated where different age groups primarily get their news: At the 0.05 level of significance, is there evidence of a...

Answered: 3 weeks ago

Question

Part 1: Logic gate circuits Using Cedar Logic Gate tools Simulate the following Function F=(CB)+AD

Answered: 3 weeks ago

Question

On August 1, 2021, Limbaugh Communications issued $20 million of 9% nonconvertible bonds at 103. The bonds are due on July 31, 2041. Each $1,000 bond was issued with 20 detachable stock warrants,...

Answered: 3 weeks ago

Question

Online Lab: Mirrors, Lenses and Image Formation Name: Date: Ray Tracing for Mirrors 1. Is the diagram above a Concave or a Convex Mirror? 2. Which color is the Ray I in the ray diagram? 3. Which...

Answered: 3 weeks ago

Question

1) This is a graph of the horizontal displacement of a pendulum on Earth as a function of time. Displacement vs. Time for a Pendulum +1.0 m Displacement (m) 0 - 1.0 m 2.00 4.00 6.00 Time ($) a) On...

Answered: 3 weeks ago

Question

Challenges accountable care organizations (ACO) might face include issues of governance and leadership, and: Select all that apply a) Building trust b) Shared goals c) Managing potential conflict d)...

Answered: 3 weeks ago

Question

Question 1 (a2) What is the reaction force Dx in [N]?

Answered: 3 weeks ago

Question

1. What issues did Norway, Saudi Arabia, and the United Kingdom face as oil-dependent nations, and what strategies and measures were implemented to address them? 2. What issues did Venezuela,...

Answered: 3 weeks ago

Question

Understand the importance of recruitment and selection in the formation of the employment relationship

Answered: 3 weeks ago

Question

Can negative outcomes associated with redundancy be avoided?

Answered: 3 weeks ago

Question

Understand the key features of recruitment and selection policies

Answered: 3 weeks ago

Previous Question Next Question