The ratio of fixed expenses to the contribution margin ratio is the
A) break-even point in sales
B) break-even point in units
C) variable cost ratio
D) margin of safety
E) degree of operating leverage
A
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On October 1, 2019, ABC Company loaned A. Jenkins $13,000 at an annual interest rate of 3% with a maturity date of April 1, 2020. On October 1, 2019, ABC Company will record ________.
A) no entry since the note is due on April 1, 2020 B) a debit to Notes Receivable - A. Jenkins of $13,390 C) a credit to Notes Payable - A. Jenkins of $13,000 D) a debit to Notes Receivable - A. Jenkins of $13,000
What is the guiding concept behind LinkedIn?
A) connecting with high-school classmates and old friends B) providing a point-to-point user connection among media C) establishing a "who you know" network of business colleagues D) setting parameters for professional networking
Karen is the sole breadwinner of her family. Every month, Karen has to pay electricity bills, water bills, and house rent. In this scenario, Karen's fixed monthly expenses are referred to as _____.
A. obligatory payments B. statutory payments C. nondiscretionary payments D. compulsory payments
Sehrt Corporation has provided the following financial data: Year 2Year 1Common stock, $3 par value$300,000 $300,000 Total stockholders' equity$803,000 $770,000 The company's net income for Year 2 was $44,000. Dividends on common stock during Year 2 totaled $11,000. The market price of common stock at the end of Year 2 was $6.29 per share.Required:a. What is the company's earnings per share for Year 2?b. What is the company's price-earnings ratio for Year 2?c. What is the company's dividend payout ratio for Year 2?d. What is the company's dividend yield ratio for Year 2?e. What is the company's book value per share at the end of Year 2?
What will be an ideal response?