Jamie Quinn, a Sole Proprietor, Has the Following Projected Figures

question 39

Multiple Choice

Jamie Quinn, a sole proprietor, has the following projected figures for next year: $\begin{array} { l } \text { Selling price per unit}&\$150.00\\ \text { Contribution margin per unit}&\$45.00\\ \text {Total fixed costs }&\$630,000\\\end{array}$

What is the contribution margin ratio?

• A)0.300
• B)1.429
• C)0.429
• D)3.333

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