Bargain Company's Contribution Margin Ratio Is 15

question 148

Multiple Choice

Bargain Company's contribution margin ratio is 15%. If the degree of operating leverage is 12 at the $150,000 sales level, operating profit at the $150,000 sales level must equal:

• A) $1,500.
• B) $2,700.
• C) $2,160.
• D) $1,875.

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Definitions:

Single Mothers

Women who are raising their child or children without the involvement of the child's father, either by choice or circumstance.

Income

The financial return or earnings from work, investments, or property, typically measured on an annual basis.

Education

The process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits through various means such as teaching, training, storytelling, discussion, and directed research.

Gestational Surrogate

A woman who carries and delivers a child for another person or couple, with the child being genetically unrelated to the surrogate.