Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. sorin inc., a company that produces and sells a si

Sorin Inc., a company that produces and sells a single product, has provided its contribution...

50.1K

Verified Solution

Question

Accounting

Sorin Inc., a company that produces and sells a single product, has provided its contribution format income statement for January. Sales (4,200 units) $ 155,400 Variable expenses 100,800 Contribution margin 54,600 Fixed expenses 42,400 Net operating income $ 12,200 The contribution margin ratio is closest to:

a.

54%

b.

22%

c.

35%

d.

78%

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Place the following statements rega

Biology
Q

1 Which square large medium or small covers more of the plane Explain your reasoning...

Basic Math
Q

3 rea A of the triangle whose sides have the given lengths Round your answer...

Basic Math
Q

IV 1 5 1 111 Show that 23 PL K KKK 138 Thus e 11...

Basic Math
Q

The mapping between the z transform and Laplace transform maps circles from s domain to...

Basic Math
Q

2 2 2 2 Simplify your answer Type your answer in the form a bi...

Calculus
Q

Write the sentence as an equation.The sum of - 56 and 19 is -37."The sum...

Algebra
Q

A business entity's taxable income before the cost of certain fringe benefits paid to owners...

Accounting
Q

Problem 24-2A (Algo) Payback period, accounting rate of return, net present value, and net cash...

Accounting
Q

Consider a portfolio with expected annual return of 21.1% and volatility of 38%. Determine an...

Finance
Q

Question 16 05 points A A local dental practice decides to...

Accounting
Q

7. Assuming that the interest rate tree has been calibrated as follows: The interest rate...

Finance