QUESTION 10 Lansing Co. prepared the following static budget at an expected activity level of 6,000 units: Sales Revenue $7.00/unit $42,000 Variable Costs $1.50/unit 9,000 Contribution Margin 33,000 Fixed Costs 3,000 Operating Income (Loss) $30,000 What amount of operating income would be in the firm's flexible budget prepared at the actual volume of 9,700 units, which is within the relevant range? A. $14,550 B. $30,000 C. $3,000 D $50,350 QUESTION 28 Lincoln, Inc. provided the following information: Operating income $1,500,000 Net sales $13,500,000 Average total assets $2,000,000 Target rate of return 25% What is the firm's return on investment (ROI)? (Round answer to two decimal places.) A. 25.00% B. 75.00% C. 14.81% D. 11.11% QUESTION 29 Carson, Inc. provided the following information: Operating income $1,600,000 Net sales $14,000,000 Average total assets $1,900,000 Target rate of return 20% What is the firm's profit margin ratio? (Round your answer to two decimal places.) A. 11.43% B. 84.21% C. 13.57% D. 1.10%