A product has a selling price of $20,a contribution margin ratio of 40% and fixed costs of $120 000.To make a profit of $30 000 the number of units that must be sold is:
A) 375 000
B) 180 750
C) 18 750
D) 37 500
Correct Answer:
Verified
Q27: Unit contribution margin is:
A)the amount that each
Q28: The contribution margin ratio can be calculated
Q29: All of these are an assumption
Q30: With all else constant a 10% increase
Q31: If the tax rate is 30% and
Q33: Which of the following statements regarding break-even
Q34: If calculations show that the break-even point
Q35: The break-even point is where:
A)total sales equals
Q36: Which of the following statements regarding
Q37: The break-even point decreases with:
A)an increase in
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