LO 3.1A company’s product sells for $150 and has variable costs of $60 associated with the product. What is its contribution margin ratio?
10%
40%
60%
90%
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “LO 3.1A company’s product sells for $150 and has variable costs of $60 associated with the product. What is its contribution margin ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
An equipment costing $60,000 is being evaluated for a production process at Don Jones Co. The expected benefits per year is $4,500 and estimated salvage value is $20,000. Determine the rate of return the company can get in this equipment proposal.
Answers (1)
The federal government currently levies a 15.3 percent payroll tax (7.65 percent on both the employer and employee) on the wages of all workers.
Answers (2)
At October 1, Arcade Fire Enterprises reported stockholders' equity of $70,000. During October, common stock of $4,000 was issued and the company earned net income of $14,000.
Answers (1)
Whirly Corporation's most recent Income Statement is shown below: Total Per Unit Sales (10,000 units) $350,000 $35.00 Variable expenses 200,000 20.00 Contribution Margin 150,000 $15.
Answers (1)
Pharmacists have been known to alter prescriptions or substitute low-cost generic drugs for more expensive name brands. this is an example of which category of white-collar crime?
Answers (1)
New Questions in Business
What does a clean kitchen show an inspector about a restaurant? a. a clean kitchen shows that the person in charge is working their shift. b. clean kitchens show that the team is healthy and not sick. c.
Answers (1)
Benjamin Company had the following results of operations for the past year: Sales (16,000 units at $10) $ 160,000 Direct materials and direct labor $ 96,000 Overhead (20% variable) 16,000 Selling and administrative expenses (all fixed) 32,000
Answers (1)
In order to achieve a high economic freedom rating, what should a country do?
Answers (1)
Find the ordinary time of a loan made on March 10 and due on May 10. 30 days 60 days 61 days 62 days
Answers (1)
Javier's employer pays for 43% of his annual health insurance premium. Javier pays the remaining balance by having it deducted from his paychecks in equal amounts twice a month throughout the year. If $157.
Answers (1)