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Assume the following (1) sales-$200,000. (2) unit sales-10,000, (3) the contribution margin ratio=40%, and (4) net operating income $10,000. Given these four assumptions, which
Assume the following (1) sales-$200,000. (2) unit sales-10,000, (3) the contribution margin ratio=40%, and (4) net operating income $10,000. Given these four assumptions, which of the following is true? Multiple Choice The total fixed expenses $70,000 The total variable expenses- $80,000 The total contribution margin - $120,000 The break-even point is 7,500 units
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Financial Accounting A Critical Approach
Authors: John Friedlan
4th edition
1259066525, 978-1259066528
