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

question 24

Multiple Choice

Use the information below to answer the following question(s) .
Harry's Snack Cart sells three varieties of Sausages on a bun. Harry's budgeted fixed expenses for the upcoming month are $18,000. The following is additional budgeted information for the upcoming month:

-What is the budgeted contribution margin ratio for Harry's Snack Cart?

• A) 50.3%
• B) 50.0%
• C) 50.75%
• D) 70.5%

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Definitions:

Accounting Equation

The foundational equation in accounting, Assets = Liabilities + Equity, representing the relationship between a company's resources and its sources of financing.

Service To Customer

Activities and benefits provided by a business to its customers, aimed at satisfying their needs and expectations.

Accounting Equation

The foundational principle of accounting expressing that assets equal the sum of liabilities and shareholder's equity.

Purchased Equipment

Fixed assets acquired by a company for use in the production or supply of goods and services, not for resale.