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

Analyze the impact of gender roles and stereotypes on children’s behavior and socialization.

Understand how children's media and home environment contribute to gender stereotyping.

Recognize the diversity of family structures and their impact on children's development.

Understand the historical context and changing perspectives on gender and clothing.

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Definitions:

Common Stock

Common stock represents ownership shares in a corporation, offering voting rights and potential dividends to shareholders.

Noncash Transaction

A transaction that does not involve the direct exchange of cash for goods or services, often involving bartering or trading.

Significant Noncash Activity

Transactions or activities that affect the financial statements of a company but do not involve cash inflow or outflow, such as depreciation or amortization.

Conversion of Bonds

The process where bondholders can exchange their bonds for a predetermined number of shares in the issuing corporation.