Fern,IncHas Fixed Costs of $400,000 and a Contribution Margin Ratio

question 99

Multiple Choice

Fern,Inc.has fixed costs of $400,000 and a contribution margin ratio of 30%.How much sales revenue must be earned for a profit of $80,000?

• A)$144,000
• B)$336,000
• C)$1,600,000
• D)$1,920,000

Understand the geographic and demographic distribution of union membership within the United States.

Identify the sectors and industries with rising or declining union membership.

Recognize the relationship between union membership and wages.

Understand the impact of product market competition on union wage bargaining.

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Definitions:

Catalytic Converters

Devices incorporated in the exhaust system of vehicles that reduce harmful emissions by converting pollutants into less harmful substances.

Internalization of Externalities

Refers to actions taken to incorporate the external costs or benefits of a good or service into the price paid by the consumers or producers.

Sewage-Treatment Plant

A facility designed to receive the wastewater from domestic, commercial, and industrial sources and to remove materials that damage water quality and threaten public health and safety.

Environmental Standard

Rules and criteria set by governmental bodies to protect the environment by controlling pollution levels and resource use.