A manufacturer of tiling grout has supplied the following data: Kilograms produced and sold 380,000Sales revenue$2,736,000Variable manufacturing expense$1,349,000Fixed manufacturing expense$336,000Variable selling and administrative expense$399,000Fixed selling and administrative expense$372,000Net operating income$280,000 The company's contribution margin ratio is closest to:
A. 28.9%
B. 63.9%
C. 36.1%
D. 71.1%
Answer: C
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The main variable that determines the extent to which brand equity can be transferred to the extension is called:
A) association. B) adaptability. C) match. D) fit.
Under the allowance method of accounting for uncollectible accounts, the write-off of an account as uncollectible affects
a. the income statement; b. the balance sheet; c. the statement of retained earnings; d. all of these; e. none of these
Which of the following is an example of a nonfinancial compensation?
A. Bonuses B. Commissions C. Health insurance D. Employee recognition programs
The firm's cost of external equity capital is the same as the required rate of return on the firm's outstanding common stock.
Answer the following statement true (T) or false (F)