If the Contribution- Margin Ratio Is 0

question 24

Multiple Choice

If the contribution- margin ratio is 0.30, targeted net income is $76,800, and targeted sales volume in dollars is $480,000, then total fixed costs are:

• A) $44,160
• B) $144,000
• C) $67,200
• D) $23,000

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Definitions:

Cognitive Psychologists

Professionals who study mental processes including how people think, perceive, remember, and learn.

Short-Term Memory

A limited-capacity memory system capable of briefly storing information for a short period before it is forgotten or transferred to long-term memory.

Short-Term Memory

The part of the memory system that temporarily holds a limited amount of information for a brief period.