Answer the Following Questions Using the Information Below

question 157

Multiple Choice

Answer the following questions using the information below:
Holly's Ham, Inc. sells hams during the major holiday seasons. During the current year 11,000 hams were sold resulting in $220,000 of sales revenue, $55,000 of variable costs, and $24,000 of fixed costs.
-Contribution margin per ham is:

• A)$5.00
• B)$15.00
• C)$20.00
• D)None of these answers are correct.

---

Definitions:

Interest Accrual

The process of recognizing interest expense or interest income that has been earned but not yet paid or received.

Earnings Per Share

A company's net profit divided by the number of its common shares outstanding, indicating the profitability on a per-share basis.

Net Income

The total profit of a company after all expenses, including taxes and operating costs, have been subtracted from total revenue.

Financing Alternatives

Different options available for a business or individual to fund their activities, including loans, equity investments, and leasing.