For Its Most Recent Fiscal Year,a Firm Reported That Its

question 68

Multiple Choice

For its most recent fiscal year,a firm reported that its contribution margin was equal to 40 percent of sales and that its net income amounted to 10 percent of sales.If its fixed costs for the year were $60,000,how much were sales?

• A)$150,000
• B)$200,000
• C)$600,000
• D)can't be determined from the information given

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Definitions:

Quick Launch Bar

Located immediately to the right of the Start button on the taskbar, a section of the Windows taskbar that contains icons used for opening applications.

Windows Desktop

The primary screen interface on computers running Windows OS, where files, folders, and applications are displayed.

Flash Drives

Portable storage devices that use flash memory, typically connected via USB, used for storing and transferring data between computers and other devices.

Radio Button

A graphical user interface element that allows the user to choose only one option from a predefined set of mutually exclusive options.