If the Contribution Margin Ratio Is 45%,target Operating Income Is

question 99

Multiple Choice

If the contribution margin ratio is 45%,target operating income is $50,000,and the sales revenue needed to achieve the target operating income is $300,000,what are total fixed expenses?

• A)$22,500
• B)$85,000
• C)$185,000
• D)$135,000

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Journalize

The act of documenting transactions within a corporation's journal, which is a step in the accounting cycle.

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Overhaul

A comprehensive inspection, maintenance, and repair process to restore equipment, machines, or systems to optimum working condition.