Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 09, 2024

If the contribution margin ratio for France Company is 30%, sales are $426,000, and fixed costs are $107,000, the operating income is O a. $20,800

If the contribution margin ratio for France Company is 30%, sales are $426,000, and fixed costs are $107,000, the operating income is O a. $20,800 O b. $107,000 O c. $16,640 O d. $127,800

If the contribution margin ratio for France Company is 30%, sales are $426,000, and fixed costs are $107,000, the operating income is a. $20,800 b. $107.000 c. $16.640 d. $127,800

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions

Question

10. A construction rm is currently working on three different buildings. Let Ai denote the event that the ith building is completed by the contract date. Use the operations of union, intersection,...

Answered: 1 week ago

Question

★★★★★

Calculating Future Values Your coin collection contains fifty 1952 silver dollars. If your grandparents purchased them for their face value when they were new, how much will your collection be worth...

Answered: 1 week ago

Question

★★★★★

4. For a set S consisting of (distinct) integers and an element x E S, rank(x) is the number of n a Binary Search Tree T,g algorithm, that outputs all leaf nodes along with their ranks. Analyze the...

Answered: 1 week ago

Question

★★★★★

What are the limits to the U.S. long-term economic growth?Is there anything that our government can do to address these limits, or would it be a bad idea to try?

Answered: 1 week ago

Question

★★★★★

Five sequential operations have the following hourly production rates. A=150, B=175, C=95, D=88, E=120. What is the hourly throughput rate?

Answered: 1 week ago

Question

★★★★★

Tata Motors is primarily targeting emerging countries (e.g., Africa, Asia Pacific, Middle Eastern, and Latin America for its future exported growth.) Is this a viable and logical exporting strategy?

Answered: 1 week ago

Question

★★★★★

Olsen & Alain, CPAs (O&A) performed the audit of Rocky Point Brewery (RPB), a public company in 20X1 and 20X2. In 20X2, O&A also performed tax services for the company. Which statement best describes...

Answered: 1 week ago

Question

★★★★★

The City by the Bay Chocolate Company makes world-class chocolate. They are preparing their Finished Goods Inventory Budget for next year. Each box of chocolate they make has the following costs:...

Answered: 1 week ago

Question

★★★★★

Determine the value of a stock with the following variables using the constant growth model: Current annual dividend: $3.25 per share Required return rate: 6% Constant growth rate: 5.5% $689.00...

Answered: 1 week ago

Previous Question Next Question