Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Booble, Inc. has a contribution margin ratio of 64%. This month, soles revenue was $228,000, and profit was $54,800. How much are Booble's fixed costs?

image text in transcribed
Booble, Inc. has a contribution margin ratio of 64%. This month, soles revenue was $228,000, and profit was $54,800. How much are Booble's fixed costs? Multiple Choice $72,960 $91120 $35,072 $145,920

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

Step: 3

blur-text-image

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 In Emerging Economies

Authors: Mathew Tsamenyi

1st Edition

1849506256, 9781849506250

More Books

Students also viewed these Accounting questions

Question

16.8 Explain the typical steps in a grievance procedure.

Answered: 1 week ago

Question

16.4 Outline the five steps in the labour relations process.

Answered: 1 week ago