Given the Following Data If Sales Decrease by 500 Units, by What Percent Would

question 45

Multiple Choice

Given the following data:
$$\begin{array} { l r r r } &{ \text { Per Unit } } & \text { Total } \\\text { Sales } & \$ 15 & \$ 45,000 \\\text { Less variable expenses } & 9 & 27,000 \\\text { Contribution margin } & 6& 18,000 \\\text { Less fixed expenses } & & 12,000 \\\text { Operating profit } & & \$ 6,000\end{array}$$
If sales decrease by 500 units, by what percent would fixed costs have to be reduced by to maintain current operating profit?

• A) 50.0%.
• B) 33.3%.
• C) 25.0%.
• D) 16.7%.

Recognize how inventory and cost of goods sold (COGS) are managed within QuickBooks.

Compare and contrast the accounting processes between service and merchandising companies.

Learn to adjust accounts for supplies on hand at the end of the accounting period.

Understand how to view and edit account preferences and settings in QuickBooks.

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