Contribution margin ratio is equal to ________
A) fixed costs divided by contribution margin per unit
B) net sales revenue per unit minus variable costs per unit
C) net sales revenue minus variable costs
D) contribution margin divided by net sales revenue
D
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The production cost report for Department 2 shows that $452,000 was assigned to the 59,000 units transferred to Finished Goods Inventory. This cost assigned to Finished Goods Inventory is recorded with a debit to Work-in-Process—Department 2
Indicate whether the statement is true or false
Lloyd Industries raised $28 million in order to upgrade its roller kiln furnace for the production of ceramic tiles. The company funded this by issuing 15-year bonds with a face value of $1,000 and a coupon rate of 6.2%, paid annually
Security: AAA Corporate AA Corporate A Corporate BBB Corporate BB Corporate Yield (%): 5.7 5.8 6.0 6.6 6.9 The above table shows the yield to maturity for similar 15-year corporate bonds of different ratings issued at the same time. When Lloyd Industries issued their bonds, they received a price of $962.63. Which of the following is most likely to be the rating these bonds received? A) AA B) A C) BBB D) BB