Bonilla Inc. has a $700,000 investment opportunity with the following characteristics: Sales$2,240,000 Contribution margin ratio 40% of salesFixed expenses$739,200 The ROI for the investment opportunity is closest to:
A. 128.0%
B. 22.4%
C. 21.2%
D. 7.0%
Answer: B
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The following data pertains to activity and maintenance cost for two recent periods: Activity level (units) 8,000 7,000Maintenance cost$34,000 $31,500Maintenance cost is a mixed cost with both fixed and variable components. Using the high-low method, the cost formula for maintenance cost is: (Round your intermediate calculations to 2 decimal places.)
A. Y = $4.50 X B. Y = $2,500 + $4.25 X C. Y = $4.25 X D. Y = $14,000 + $2.50 X
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Answer the following statement true (T) or false (F)
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Answer the following statement true (T) or false (F)
FedEx offers its customers fast and reliable package delivery. When FedEx customers weigh these benefits against the monetary cost of using FedEx along with any other costs of using the service, they are acting upon ________
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