If a Firm Has $482 500 in Fixed Costs, a Target

question 9

Multiple Choice

If a firm has $482 500 in fixed costs, a target net profit of $80000 and targeted sales volume of 12 500 units, the unit contribution margin would be

• A) 6.03.
• B) 6.40.
• C) 38.60.
• D) 45.00.

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Definitions:

Dependent

Referring to a variable in scientific research that is expected to change as a result of manipulations of independent variable(s).

Nonparametric Statistics

Statistical methods that do not assume a specific distribution of data and are useful for analyzing ordinal or nominal data.

Parametric Statistics

A category of statistical techniques that assume data come from a type of probability distribution and involve parameters (such as the mean and variance) in that distribution.

Research Hypothesis

A statement of inequality between two variables. See Null hypothesis.