Question
Kelsay Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (8,000 units) $ 580,000
Kelsay Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range.
| Sales (8,000 units) | $ | 580,000 |
| Variable expenses | 402,000 | |
| Contribution margin | 178,000 | |
| Fixed expenses | 173,500 | |
| Net operating income | $ | 4,500 |
The contribution margin ratio is closest to:
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Fraud Analytics Using Descriptive Predictive And Social Network Techniques A Guide To Data Science For Fraud Detection
Authors: Bart Baesens, Veronique Van Vlasselaer, Wouter Verbeke
1st Edition
1119133122, 978-1119133124
