Assume sales are $750,000, variable costs are 70% of sales, and operating income is $100,000 . What is the contribution margin ratio and fixed cost, respectively?
a. 70% and $125,000
b. 30% and $125,000
c. 70% and $625,000
d. 30% and $625,000
b
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Which of the following is a risk that firms must consider prior to expanding abroad?
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Which of the following is among the five major leadership traits outlined in the text?
A. extraversion B. sociability C. conscientiousness D. charisma
The goal of the salesperson who is calling on a gift store retailer is "to sell at least $100 worth of merchandise to the customer before the end of the fiscal year." What technique would you use to determine if this is a good sales call objective?
What will be an ideal response?
When direct labor costs are recorded, the journal entry is a debit to Factory Wages Payable and a credit to Work in Process Inventory.
Answer the following statement true (T) or false (F)