Carroll Corporation Has Two Products, Q and P

question 350

Multiple Choice

Carroll Corporation has two products, Q and P. During June, the company's net operating income was $25,000, and the common fixed expenses were $37,000. The contribution margin ratio for Product Q was 30%, its sales were $200,000, and its segment margin was $21,000. If the contribution margin for Product P was $80,000, the segment margin for Product P was:

• A) $62,000
• B) $59,000
• C) $37,000
• D) $41,000

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Definitions:

Codons

Sequences of three nucleotides in mRNA that specify the addition of a specific amino acid or the termination of translation.

Amino Acid

Organic compounds that serve as the building blocks of proteins, necessary for the growth and repair of body tissues.

Introns

Non-coding sections of DNA or RNA that are removed before the final mRNA is formed in eukaryotic cells.

Nucleotide Sequences

The order of nucleotides in a DNA or RNA molecule that determines genetic information.