For Franklin, Inc

question 54

Multiple Choice

For Franklin, Inc., sales is $2,000,000, fixed expenses are $600,000, and the contribution margin ratio is 36%. What is net income?

• A) $120,000
• B) $216,000
• C) $504,000
• D) $720,000

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Definitions:

University Admissions

The process through which students enter tertiary education at universities and colleges.

Diverse Student Body

A student population characterized by a wide range of backgrounds, cultures, races, and identities, enhancing the educational environment.

Constitutional

Relating to, or in accordance with, the constitution of a country or organization, often implying legality or legitimacy.

Native Americans

Indigenous peoples of the Americas, including those who inhabited the territories of the modern United States prior to European colonization.