Question
Cross Creek Clinic has revenue totaling $200,000. The clinic has costs totaling $100,000. Of this amount, 60% is variable cost and 40% is fixed cost.
Cross Creek Clinic has revenue totaling $200,000. The clinic has costs totaling $100,000. Of this amount, 60% is variable cost and 40% is fixed cost. What is the clinics contribution margin, expressed in dollars?
A. $40,000
B. $60,000
C. $120,000
D. $140,000
E. None of the above
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Finance For Executives Managing For Value Creation
Authors: Gabriel Hawawini, Claude Viallet
7th Edition
1473778913, 978-1473778917
