Serie Inc. reported the following results from last year's operations: Sales$16,800,000Variable expenses 10,640,000Contribution margin 6,160,000Fixed expenses 5,488,000Net operating income$ 672,000Average operating assets$7,000,000At the beginning of this year, the company has a $2,100,000 investment opportunity with the following characteristics: Sales$2,520,000 Contribution margin ratio 50% of salesFixed expenses$1,108,800 The margin for this year's investment opportunity considered alone is closest to:
A. 44.0%
B. 6.0%
C. 56.0%
D. 50.0%
Answer: B
You might also like to view...
Agencies can acquire information by requiring individuals and businesses to produce
and maintain records. a. True b. False
The new software system will be installed on Monday; therefore, our intranet will be unavailable to employees is an example of a complex sentence
Indicate whether the statement is true or false
Which of the following represents an aggressive approach to demand management in the service sector when demand and capacity are not particularly well matched?
A) lower resort hotel room prices on Wednesdays B) appointments C) reservations D) first-come, first-served rule E) none of the above
The total dollar value of all goods and services produced by all people within the boundaries of a country is called
A. productivity. B. gross domestic product. C. gross national product. D. inflation factor. E. standard of living.