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Pine, IncHas a 34% Contribution Margin Rate, Fixed Costs of $62,000

question 181

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Pine, Inc.has a 34% contribution margin rate, fixed costs of $62,000, and net income of $80,184.Pine sold 9,200 units for $54 each.What were Pine's operating income and tax rate (if necessary, round your answer to the nearest full percent) ?


Definitions:

SPIN Approach

A selling technique based on Situation, Problem, Implication, and Need-payoff questions to understand customer needs and propose solutions.

Presentation

A formal or informal display of information, typically with the aim to inform, persuade, or entertain an audience.

Direct Questions

Questions that are straightforward and aimed at getting specific information from the customer.

Useful Details

Specific, relevant information or facts that support understanding or decision-making in a particular context.

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