Use the Information Below to Answer the Following Question(s)

question 111

Multiple Choice

Use the information below to answer the following question(s) .Dr.Mickey Finn performs a certain procedure for $400.00.The fixed costs are $8,000 and variable costs are $200.00 per procedure.
-What is the budgeted contribution margin assuming the procedure is performed 200 times?

• A)$20,000
• B)$30,000
• C)$8,000
• D)$80,000
• E)$40,000

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Definitions:

Current Account

The section of a country's balance of payments that records the value of exports and imports of goods and services, net earnings on overseas investments, and net transfer payments.

Money Inflow

The total amount of money entering an economy, business, or individual's account from various sources.

Trade Deficit

A situation that occurs when a country's imports of goods and services exceed its exports.

Inflow Of Payments

Money or resources coming into a business, organization, or economy.