Paxton Corp Has Provided the Following Data Concerning Its Operations

question 116

Multiple Choice

Paxton Corp has provided the following data concerning its operations last month:
$\begin{array} { | l | r | } \hline \text { Sales } & \$ 400,000 \\\hline \text { Variable expenses } & \$ 250,000 \\\hline \text { Fixed expenses } & \$ 100,000 \\\hline\end{array}$ Paxton Corp is a retailing organization.


-What is the contribution margin ratio?

• A) 12.5%.
• B) 33.0%.
• C) 25.0%.
• D) 37.5%.

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Definitions:

The Lions Club

An international non-profit organization dedicated to community service and improving the lives of people worldwide.

Chamber Of Commerce

A group comprised of entrepreneurs and experts dedicated to advancing and defending the objectives of its participants in a local area.

Local Service

A service provided within a limited geographic area, typically catering to the needs of a community or specific locality.

Self-Control

Restraint exercised over one’s own impulses, desires, or emotions; temperance.