Contribution margin ratio is equal to ________
A) fixed costs divided by contribution margin per unit
B) net sales revenue per unit minus variable costs per unit
C) net sales revenue minus variable costs
D) contribution margin divided by net sales revenue
D
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Flint Company produces widgets that cost $30 each and have a 5 percent failure rate. If 500 widgets are sold, the entry to record the estimated product warranty expense would be
A) Product Warranty Expense 150 Estimated Product Warranty Liability 150 B) Product Warranty Expense 750 Estimated Product Warranty Liability 750 C) Product Warranty Expense 75 Cash 75 D) Estimated Product Warranty Liability 150 Cash 150
Which of the following is not true regarding an equity carve-out?
a. It can result in the creation of minority interests. b. It arises when a combinor sells a portion of its interest in a combinee. c. It arises when a combinor dilutes its interest through an initial public offering of the subsidiary. d. The SEC requires resulting carve-out gains to be booked as non-operating income. e. It can result in the creation of minority interests.
What is the difference between an explicit and an implicit cursor?
What will be an ideal response?
No warranties are given out by the person who negotiates or transfers a document of title
a. True b. False Indicate whether the statement is true or false