Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 11, 2024

Booble, Inc. has a contribution margin ratio of 49%. This month, sales revenue was $213,000, and profit was $47,300. How much are Booble's fixed costs?

Booble, Inc. has a contribution margin ratio of 49%. This month, sales revenue was $213,000, and profit was $47,300. How much are Booble's fixed costs? Multiple Choice $57,070 $23,177 $52,185 $104,370

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 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

Accounting And Auditing Practices In Africa

Authors: Mariaan Roos, Lesley Stainbank

1st Edition

1928357431, 978-1928357438

More Books

Students also viewed these Accounting questions

Question

★★★★★

A quantum well is a region of semiconductor or metal film that confines particles to a small region, resulting in quantized energies that are useful for the operation of a variety of electronic...

Answered: 1 week ago

Question

★★★★★

16-2. Because of this, all managers need to be familiar with occupational safety law. The Occupational Safety and Health Act was passed by Congress in 1972 to assure so far as possible every working...

Answered: 1 week ago

Question

★★★★★

Combining Independent Unbiased Estimators. Let d1 and d2 denote independent unbiased estimators of , having known variances 2 1 and 2 2 . That is, for i = 1, 2, E[d;] = 0, Var(d;) = 0}

Answered: 1 week ago

Question

★★★★★

We discovered that 1,013 GSS respondents in 2010 watched television for an average of 3.01 hr/day, with a standard deviation of 2.65 hr. Answer the following questions assuming the distribution of...

Answered: 1 week ago

Question

★★★★★

Answered: 1 week ago

Question

★★★★★

Customer Muhammad went to Bank Al-Safa to buy a Passat car model 2020 from Zalmout Company. The customer Muhammad brought a price offer from Zalmout Company for the value of the car at $ 50,000....

Answered: 1 week ago

Question

★★★★★

Sales Revenue $ 1 0 0 0 0 0 , Variable Costs $ 6 0 0 0 0 , Fixed Costs $ 2 0 0 0 0 . What is the

Answered: 1 week ago

Question

★★★★★

According to Wheeler (Axiom 7): "Every data set contains noise. Some data sets also contain signals. Before you can detect the signals within your data, you must filter out the noise". Explain the...

Answered: 1 week ago

Question

★★★★★

Lavazza distributes ground coffee in three supply chain channels (i = 1, 2 and 3). For each channel the demand-price relationship (in boxes) is linearly defined by the constants A1, A2 and A3 and...

Answered: 1 week ago

Question

★★★★★

Develop analysis in collaboration with public health and community-based organizations to improve the health of the population by selecting a priority population on which to focus then do the...

Answered: 1 week ago

Question

★★★★★

Do you believe that the advancement of digitalisation has rendered microeconomic theory obsolete? Give an example to back up your claims.

Answered: 1 week ago

Question

★★★★★

You hired Kane Lawn Service to install lawn sprinklers and landscape the area surrounding your office building. For this work, Kane estimated the cost would be $12,000; you agreed to pay this...

Answered: 1 week ago

Question

★★★★★

Your student business organization has been contacted by Claudias, a clothing boutique, for help in promoting a Valentines Day sale. Claudias would like your organization to sell coupons for $5...

Answered: 1 week ago

Question

★★★★★

You and your siblings planned a party for your parents 25th wedding anniversary on October 12. As part of this celebration, you made a oral agreement with The Emotions to play live music for four...

Answered: 1 week ago

Previous Question Next Question