On Fire Company, a Producer of Salsa, Has the Following

question 47

Multiple Choice

On Fire Company, a producer of salsa, has the following information: $$\begin{array} { l r } \text { Income tax rate } & 30 \% \\\text { Selling price per unit } & \$ 5.00 \\\text { Variable cost per unit } & \$ 3.00 \\\text { Total fixed costs } & \$ 90,000.00\end{array}$$ The contribution-margin ratio is _____.

• A)30%
• B)40%
• C)60%
• D)100%

Learn the essential components of a written notice for employees.

Grasp the different methods of training employees effectively.

Understand the concepts of efficiency and effectiveness in management.

Recognize the stages of business growth and the challenges associated with each stage.

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Definitions:

Available-For-Sale Securities

Debt and equity securities not classified as held-to-maturity or trading securities, recorded at fair value in balance sheets.