Carolina Products Carolina Products sells a unique item with the following information available: Sales price $45 per unit Variable costs $15 per unit Fixed costs $5 per unit Units produced and sold 2,000 Refer to the Carolina Products information above. What is the contribution margin ratio?
A) 33.33%
B) 66.67%
C) 55.56%
D) 44.44%
B
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Indicate whether the statement is true or false
Which of the following best explains why information campaigns can succeed?
A. Interested people acquire the most information.
Which of the following is not a result of following a well-designed budgeting process?
A. Improved coordination of business activities. B. Assurance of future profits. C. Improved performance evaluations. D. Improved decision-making processes. E. Improved communication of management's action plans.
Garth's Imports sold a car to Wally on credit for $30,000 . Garth assigned to Cassandra all of his rights to receive money from Wally. Cassandra did not inform Wally of the assignment. Therefore, Wally continued to make the next three payments directly to Garth. Shortly thereafter, Garth left the country with the money. If Cassandra sues Wally for the missing three payments:
a. Cassandra will not be able to collect the money from Wally. b. Wally is not liable for the three payments because an assignment is not valid unless the obligor is notified. c. Wally is liable for the three payments because Cassandra paid consideration for the assignment rights. d. Wally cannot raise the defense of previous payment.