A Company's Contribution Margin Ratio Is 8

question 29

Multiple Choice

A company's contribution margin ratio is 8%. Fixed costs are $2 400 per month. How much sales revenue is needed to break even?

• A)$32 000
• B)$28 000
• C)$30 000
• D)$36 000

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Definitions:

Extroverted

Characterized by an outgoing, socially confident personality, often seeking stimulation and enjoying the company of others.

Curious

Having a strong desire to learn or know something.

Big Five

A personality model that outlines five broad dimensions of human personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Personality Researchers

Scientists who study the characteristics that make individuals unique and the processes that influence personality development.