Kennedy Co ?
What Was Kennedy's Sales Mix Last Year?
A) 40

question 99

Multiple Choice

Kennedy Co.sells two products, Arks and Bins.Last year, Kennedy sold 32,000 units of Arks and 18,000 units of Bins.Related data are: ?? $\begin{array}{rrrr}& \text { Unit } & \text { Unit } & \text { Unit } \\& \text { Selling} & \text { Variable } & \text { Contribution } \\\text { Product } & \text { Price } & \text { Cost } & \text { Margin } \\\hline\text { Arks } & \$ 80 & \$ 20 & \$ 60 \\\text { Bins } & 120 & 40 & 80\end{array}$ ?
What was Kennedy's sales mix last year?

• A) 40% Arks, 60% Bins
• B) 43% Arks, 57% Bins
• C) 54% Arks, 46% Bins
• D) 64% Arks, 36% Bins

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Definitions:

Net Assets

The total value of an organization's assets minus its total liabilities, representing the organization's financial health.

Physical Assets

Tangible resources owned by an individual or organization, including equipment, buildings, and land.

Contributed Income

Financial support received by an organization from donations, grants, or philanthropic gifts, as opposed to revenue generated from sales or services.

Financial Ratio

A quantitative analysis used to evaluate a company's financial performance, liquidity, leverage, and efficiency by comparing two financial figure.