Harvest Corp. has a contribution margin ratio of 30%, fixed costs of $45,000, and a profit of $60,000. What are total sales?
A. $150,000
B. $31,500
C. $350,000
D. $105,000
Answer: C
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Lenders Bank provides Mark with a mortgage to buy a home. The rate of interest is fixed for five years and then adjusts annually. This is A) a fixed-rate mortgage
B) an adjustable-rate mortgage. C) a workout agreement. D) a violation of the law.
A firm has a net income (after-tax profit) of $500,000 and pays dividends of $150,000. Which of the following statements is TRUE?
A) Cash decreased by $150,000 B) Retained earnings increased by $350,000 C) Long-term debt increased by $350,000 D) All of the statements are true.
Consider a population of five weights identical in appearance but weighing 1, 3, 5, 7, and 9 ounces
a. Determine the mean and the variance of the population. b. Sampling without replacement from the above population with a sample size of 2 produces ten possible samples. Using the ten sample mean values, determine the mean of the population and the variance of . c. Compute standard deviation from the mean computed in (b) above.
In a value chain, service involves:
a. tasks associated with receiving, storing, and disseminating incoming goods. c. activities for identifying customer needs and generating sales. b. processing raw materials into finished goods. d. activities to support customers after the sale of products.