If sales are $525,000, variable costs are 56% of sales, and operating income is $50,000, what is the contribution margin ratio?
A) 44%
B) 26.5%
C) 9.5%
D) 64%
A
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Natasha's Interior Designs has support staff for its professional designers. The two professionals work a total of 1,800 hours each and make $45,00 . each per year. The total support budget is $90,000 . of which $60,00 . is professional support, and $30,00 . is general office overhead. A job requiring 30 professional hours should be billed how much for overhead if a simplified costing approach is
used and hours is the cost driver? a. $25 b. $30 c. $600 d. $750
Fields can be summarized by a number of functions, including Sum, Count, Average, and several others. By default, numeric fields will be ___________, and text fields will be ___________.
a) averaged; counted b) counted; summed c) summed; counted d) ranked in descending order; summed e) summed; ranked in alphabetical order
Which of the following is likely to decrease an employer's bargaining power?
A. A strong economy. B. A large number of products in inventory. C. Slowed or idle plants in other parts of the country. D. A loose labor market.
Which Excel feature is an optimization technique that can maximize or minimize a quantity given a set of limitations or constraints?
A) Optimizer B) Goal Seek C) Analysis Tool-Pak D) Algorithm Builder E) Solver