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:

Regulated Industries

Sectors under the direct control and rules of governmental agencies to ensure safety, fairness, and compliance.

Probable Cause

A reasonable basis for believing that a crime may have been committed or that evidence of the crime is present in the place to be searched.

Subpoena

A subpoena is a legal document that orders an individual or organization to appear in court or produce documents relevant to a legal case.

Federal Trade Commission

A federal agency responsible for protecting consumers and maintaining competition in the marketplace by preventing anticompetitive, deceptive, and unfair business practices.