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Assume the following (1) variable expenses $280,000, (2) unit sales 10,000, (3) the contribution margin ratio = 20%, and (4) net operating income $10,000.
Assume the following (1) variable expenses $280,000, (2) unit sales 10,000, (3) the contribution margin ratio = 20%, and (4) net operating income $10,000. Given these four assumptions, which of the following is true? Multiple Choice The variable expense ratio is 400% The total fixed expenses = $56,000 The total contribution margin = $224,000 The total sales = $350,000
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
9th edition
9781118803035, 1118582551, 1118803035, 978-1118582558
