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

question 86

Multiple Choice

Use the information below to answer the following question(s) .

During the year, Cornell produced and sold 60,000 units of product at a sale price of $8.00 per unit. There was no beginning inventory of product at the start of the year.
-The Sage Group produces a single product selling for $60 per unit. Variable costs are $12 per unit and total fixed costs are $6,000. What is the contribution margin ratio?

• A) 0.48
• B) 0.20
• C) 0.80
• D) 1.25

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Curriculum Vita

A detailed and structured summary of one's educational background, work experience, and other qualifications.

Résumé

A document summarizing a person's background, skills, and accomplishments, typically used for seeking employment.

Progressive Future Tense Verbs

Verbs that are used to describe actions that will be ongoing or continuous in the future, typically formed with the auxiliary verb "will be" followed by the present participle of the main verb.

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