Zeke Company sells 25,000 units at $21 per unit. Variable costs are $10 per unit, and fixed costs are $75,000. The contribution margin ratio and the unit contribution margin are:

A) 47% and $11 per unit
B) 53% and $7 per unit
C) 47% and $8 per unit
D) 52% and $11 per unit


D

Business

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Devaluation means that more of the home-country's currency is now needed to buy the same amount of a foreign currency

Indicate whether the statement is true or false

Business

Which of the following is the least desirable business reason for a company to invest in debt or equity securities?

A) to generate investment income B) to invest short-term, excess cash C) to pursue certain business strategies D) to weaken the relationship between the investing company and a key vendor.

Business

From the above information, calculate Closet Link's total variable costs.

Closet Links Clothing Company provided the following manufacturing costs for the month of June.

A) $313,200
B) $71,000
C) $242,200
D) $223,000

Business

Jeffrey Sachs argues that by virtue of _____, certain societies are more likely to engage in trade than others and are thus more likely to be open to and develop market-based economic systems, which in turn promotes faster economic growth.

A) friendly political systems B) favorable economic conditions C) high gross national incomes D) favorable geography

Business