The Records of Gemini Company Show a Contribution Margin Ratio

question 26

Multiple Choice

The records of Gemini Company show a contribution margin ratio of 40%.The company desires to earn a profit of $35,000 and has fixed costs of $70,000.What sales revenue would have to be generated in order to earn the desired profit?

• A) $87,500
• B) $262,500
• C) $175,000
• D) $42,000

Assess the effects of technological advancements on financial markets and trading.

Analyze the role of competition among market makers on bid-ask spreads and market liquidity.

Understand the impact of weather conditions on agricultural produce and its market implications.

Evaluate how changes in supply and demand influence market dynamics in specific markets (e.g., olive oil, natural gas, hazelnuts).

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Definitions:

Oxygen

A chemical element vital for life, involved in cellular respiration and provided in medical treatments to support breathing.

Abnormal White Blood Cells

White blood cells that exhibit unusual size, shape, or structure, which can indicate a range of health issues, including infections and blood disorders.

Bone Marrow

A soft, spongy tissue found inside bones, responsible for the production of blood cells.

Lipoproteins

Complex particles composed of lipids and proteins that transport fats through the bloodstream.