High-Tech Computer Services Provide Services to Corporate and Individual Customers

question 33

Multiple Choice

High-Tech Computer Services provide services to corporate and individual customers.During the month of June,the corporate business segment provided services to 500 customers and earned $60,000 in revenue.The individual business segment provided services to 400 customers and earned $35,000 in revenue.The variable costs for the corporate and individual business segment amounted $32,500 and $25,300,respectively.Additionally,the fixed costs of the company amounted to $8,500.The contribution margin ratios of the corporate segment and individual segment are ________,respectively.

• A)40.88% and 26.85%
• B)45.85% and 24.82%
• C)44.23% and 27.71%
• D)45.83% and 27.71%

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Definitions:

Classifications of Corporations

The categorization of corporations based on certain criteria, such as purpose, ownership, and operational scope, including public, private, and non-profit corporations.

Revised Model Act

A updated legal model or framework designed to guide the development of specific legislation or regulatory standards.

Incorporated

The process of legally declaring a corporate entity as separate from its owners, providing legal protections and allowing for the raising of capital.

De Facto Corporation

A corporation that operates in all respects as a corporation despite not having completed the formalities required for legal recognition.