For Franklin, Inc

question 33

Multiple Choice

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

• A)$288,000
• B)$540,000
• C)$960,000
• D)$1,500,000

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Definitions:

Large Assortment

A wide variety of products offered by a retailer or manufacturer to meet diverse customer needs and preferences.

Breadth and Depth

Terms referring to the variety and range of product lines and products offered by a business; breadth refers to the number of product lines, depth to the variety within those lines.

Merchandise Lines

The range of products that a retailer offers for sale to customers, often categorized by type, style, or function.

Full-Service Retailer

A retail establishment offering a wide range of services to its customers in addition to selling products, including personal assistance and after-sales service.