If a Firm's Fixed Costs Were Increased by $12,000 and the Contribution

question 64

Multiple Choice

If a firm's fixed costs were increased by $12,000 and the contribution margin ratio remained at 40 percent, then sales must increase by $________ in order to cover the additional fixed expenses:

• A)$24,000
• B)$30,000
• C)$36,000
• D)$48,000

---

Definitions:

Non-Hispanic White

Refers to individuals who identify as white but do not have a Hispanic or Latino background, used in demographic contexts.

African Americans

A racial or ethnic group in the United States characterized by descendants of African ancestral origins.

Shneidman

Edwin Shneidman, a psychologist known for his foundational work in the field of suicidology, the study of suicide and suicide prevention.

Conviction

A formal declaration that someone is guilty of a criminal offense, made by the verdict of a jury or the decision of a judge in a court of law.