Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. question 5 ( 2 points) saved if a company sells a

Question 5 ( 2 points) saved If a company sells an item for $40...

50.1K

Verified Solution

Question

Accounting

image
Question 5 ( 2 points) saved If a company sells an item for $40 and its contribution is $16, then its C/M ratio is which of the following? A) 40% B) Cannot be determined C) $24 D) 60%

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Calculate the future value of the following annuity streams: a. $5,000 received each year for five...

Finance
Q

Aisha's office had already recycled 6 kilograms this year before starting the new recyclingplan, and...

Basic Math
Q

The graph shown is a horizontal translation of the graph of y sin x 2...

Calculus
Q

2 AMAM Select one a about 6 O b not periodic Oc about 3 Od...

Algebra
Q

Simplify the following expressions so that all exponents are positive All variables are nonze 5...

Algebra
Q

On July 1, 2020, Flint Construction Company Inc. contracted to build an office building for...

Accounting
Q

Ed Edmonds exchanged a business building with an adjusted basis of $320,000 for another business...

Accounting
Q

Note: You must show all work for each question in this Excel spreadsheet to receive...

Accounting
Q

Compute the direct materials quantity variance. a. $10,415.86 unfavorable b. $10,899.07 unfavorable c. $10,899.07 favorable...

Accounting
Q

Problem 7-19 Education Tax Credits (LO 7.5) Janie graduates from high school in 2020 and...

Accounting
Q

During the first quarter of 2022, Cathrine's Candy Company sales budget consists of $95,000 in...

Accounting
Q

A firm is considering replacing the existing industrial air conditioning unit. They will pick one...

Finance