Answer the Following Questions Using the Information Below

question 6

Multiple Choice

Answer the following questions using the information below:
Alex Furniture sells a table for $850. His fixed costs are $25,000, while his variable costs are $500 per table. He currently plans to sell 175 tables this month.
-Winnz sells 8,000 units resulting in $100,000 of sales revenue,$35,000 of variable costs,and $45,000 of fixed costs.The contribution margin percentage is ________.

• A) 66.67%
• B) 65.0%
• C) 37.5%
• D) 75.0%

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Definitions:

Listening Skills

The skill to correctly perceive and interpret messages in the course of communicating.

Scheduled Appointments

Prearranged meetings or engagements set for specific dates and times.

Laws

Laws are the system of rules that are created and enforced through social or governmental institutions to regulate behavior.

Double-Checking

The act of verifying or reviewing information, calculations, or procedures a second time to ensure accuracy or correctness.