Booble, Inc. has a contribution margin ratio of 49%. This month, sales revenue was $213,000, and...
Booble, Inc. has a contribution margin ratio of 49%. This month, sales revenue was $213,000, and profit was $47,300. How much are Booble's fixed costs? Multiple Choice $57,070 $23,177 $52,185 $104,370
Homework Answers
Contribution margin = Sales * Contribution margin ratio
= $213,000 * 49%
= $104,370
Fixed costs = Contribution margin - Profit
= $104,370 - $47,300
= $57,070
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Booble, Inc. has a contribution margin ratio of 49%. This month,
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Laredo, Inc. has a contribution margin ratio of 60%. This month, sales revenue was $234,000, and profit was $45,000. If sales revenue increases by $37,000, by how much will profit increase? Multiple Choice Ο S17700 Ο 52700 ο Ο $22, 200 Ο Ο $6000
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