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Assume the following (1) variable expenses - $288,000, (2) unit sales - 10,000, (3) the contribution margin ratio 25%, and (4) net operating income
Assume the following (1) variable expenses - $288,000, (2) unit sales - 10,000, (3) the contribution margin ratio 25%, and (4) net operating income $10,000. Given these four assumptions, which of the following is true? Multiple Choice The variable expense ratio is 300% The total contribution margin - $216,000 The total fixed expenses $72.000 The total sales-$384,000
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
9th edition
978-1285183244, 128518324X, 978-1285779263, 1285779266, 978-1285183237
