Four Alarm Company, a Producer of Salsa, Has the Following

question 100

Multiple Choice

Four Alarm Company, a producer of salsa, has the following information: $$\begin{array} { l l } \text { Income tax rate } & 30 \% \\\text { Selling pric e per unit } & \$ 5.00 \\\text { Variable cost p er unit } & \$ 3.00 \\\text { Total fixed costs } & \$ 90,000.00\end{array}$$ The contribution- margin ratio is:

• A) 30%
• B) 100%
• C) 60%
• D) 40%

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Definitions:

Privately Owned

Something that is owned by individuals or corporations rather than the government or the public.

Pollution Liability

Legal responsibility for damages caused by releasing pollutants into the environment.

Pollution Emissions

The release of pollutants into the environment, typically from industrial activity, transportation, and other sources harmful to human health and the planet.

Government Charges

Fees or levies imposed by the government on individuals, businesses, or transactions to fund public services and initiatives.