For Franklin, Inc

question 44

Multiple Choice

For Franklin, Inc., sales is $1,500,000, fixed expenses are $450,000, and the contribution margin ratio is 36%.What is net income?

• A)$90,000
• B)$162,000
• C)$378,000
• D)$540,000

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Definitions:

Antidiabetic Drug

A medication used to manage and treat diabetes by controlling blood sugar levels.

Functional Group

A specific grouping of atoms within molecules that have characteristic chemical reactions regardless of the molecules they are part of.

Structurally Isomeric

Pertains to molecules that have the same molecular formula but feature different physical structures.

Amines

Organic compounds and functional groups containing a basic nitrogen atom with a lone pair, deriving from ammonia by replacing one or more hydrogen atoms with organic groups.