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

question 186

Multiple Choice

Use the information below to answer the following question(s) .
Akron Laser Wash sells deluxe car washes for $15 per customer. Variable costs are $9 per wash. Fixed costs are $40,000 per month.
-What is Akron Laser Wash's contribution margin ratio?

• A) 40%
• B) 250%
• C) 6%
• D) 60%

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Definitions:

Experience

The knowledge or practical wisdom gained from what one has observed, encountered, or undergone.

Relationships

Connections or bonds between people, which may be emotional, social, professional, or familial in nature.

Domain

An area of knowledge, activity, or interest; the specific territory or sphere of influence.

Discipline

A branch of knowledge, typically one studied in higher education, or the practice of training people to obey rules and standards of behavior.