Phoenix is planning to increase the sales price to $750. What impact will the increase in sales price have on the contribution margin ratio?
Phoenix was a professional classical guitar player until a motorcycle accident left him disabled. After
long months of therapy, he hired an experienced luthier and started a small shop to make and sell
Spanish guitars. The guitars sell for $700, and the fixed monthly operating costs are as follows:
Phoenix's accountant told him about contribution margin ratios, and Phoenix understood clearly that for
every dollar of sales, $0.60 went to cover his fixed costs, and anything above that point was profit.
A) It will stay the same.
B) It will increase to 53.33%.
C) It will increase to approximately 62.67%.
D) It will decrease to approximately 49.33%.
C) It will increase to approximately 62.67%.
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Tyler, a citizen of Utah, files a suit in a Utah state court against Veritas Sales Corporation, a Washington state company that does business in Utah. The court has original jurisdiction, which means that? A)?the case is being heard for the first time
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________ is a set of programmed instructions that tell a device how to perform its functions; it is executed, or run, electronically, using some type of computer processor
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Helping Hand Industries paid a dividend of $0.40 per share last year. If yesterday's closing price was $19.05, what is the current yield on the stock? (Round to nearest tenth)
A) 17.2% B) 6.3% C) 2.1% D) 1.6%