Smith Co Has a Contribution Margin Ratio of 40% and a a Breakeven

question 12

Multiple Choice

Smith Co. has a contribution margin ratio of 40% and a breakeven point of $200,000 in sales. If the firm reports net income of $50,000 after taxes of 50%, what were total sales for the year?

• A)$450,000
• B)$466,667
• C)$500,000
• D)$700,000

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Definitions:

Ethnic Group

A community or population made up of people who share a common cultural background, ancestry, or lineage.

Overt Discrimination

Clear, open, and deliberate unequal treatment of individuals based on categories such as race, age, gender, or religion.

Subtle Discrimination

Discriminatory practices or behaviors that are not overt or blatant, often difficult to identify and address.

Work-related Outcomes

Consequences or results that stem from one's engagement in work activities, including job satisfaction, productivity, and performance levels.