If the Contribution-Margin Ratio Is

question 66

Multiple Choice

If the contribution-margin ratio is .30, targeted net income is $64,000, and targeted sales volume in dollars is $400,000, then total fixed costs are

• A) $56,000.
• B) $120,000.
• C) $36,800.
• D) $19,200.

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Definitions:

Query Design Grid

A feature in database software that allows users to visually create queries by selecting tables, fields, and specifying criteria without direct SQL code entry.

Field List

A collection of fields available in a database or application, often used in query design to select which fields to include in the results.

Freeze Field

An operation in databases or spreadsheets where a specific column is made static while other data can scroll or change.

Query Datasheet

A tabular view displaying the results of a database query, wherein data can be reviewed, sorted, and sometimes edited.