Colin Was a Professional Classical Guitar Player Until His Motorcycle

question 2

Multiple Choice

Colin was a professional classical guitar player until his motorcycle accident that left him disabled. After long months of therapy, he hired an experienced luthier (maker of stringed instruments) and started a small shop to make and sell Spanish guitars. The guitars sell for $700 and the fixed monthly operating costs are as follows: Colin's accountant told him about contribution margin ratios and he understood clearly that for every dollar of sales, $0.60 went to cover his fixed costs, and that anything past that point was pure profit. Colin is planning to increase the selling price to $750. What impact will the increase in selling price have on the contribution margin ratio?

• A)It will stay the same.
• B)It will go up 70% to 75%.
• C)It will go up from 60% to approximately 63%.
• D)It will go down from 70% to approximately 67%.

Understand the concept of ecological efficiency and its calculation.

Grasp the significance of metabolic processes like aerobic and anaerobic respiration in ecosystems.

Understand the structure and composition of different soil horizons and their characteristics.

Identify and analyze the factors influencing primary productivity across various ecosystems.

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Definitions:

Avoids Conflict

Refers to actions or strategies designed to prevent disagreements or disputes from arising.

Common Goal

An objective or purpose shared by a group of individuals or entities, aiming towards a mutual benefit.

Original Schedule

The initial plan or timetable set for a series of tasks or events, which may be subject to change.

Project Regularly

The practice of consistently and systematically working on a project over time to ensure progress and eventual completion.