Laredo,Inc

question 8

Multiple Choice

Laredo,Inc.has a contribution margin ratio of 45%.This month,sales revenue was $200,000,and profit was $40,000.If sales revenue increases by $20,000,by how much will profit increase?

• A)$1,800
• B)$4,500
• C)$5,000
• D)$9,000

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Definitions:

Cynical about Love

Holding a belief that love is self-serving and not genuine, often due to negative personal experiences or observations.

Note Payable

A written agreement to pay a certain sum of money to a person or an organization at a certain time, considered a liability for the issuer.

Accounts Payable

Liabilities owed by a company to its suppliers or creditors for goods or services purchased on credit.

Note Receivable

A promissory note from the payee’s point of view.