Market capitalization is defined as a company's total revenues in a given accounting period

The extent to which employees are rare and specialized and not highly available in the labor market is referred to as _____.

Fill in the blank(s) with the appropriate word(s).

Luca was a professional classical guitar player until a motorcycle accident left him disabled

After long months of therapy, he hired an experienced luthier and started a small shop to make and sell Spanish guitars. The guitars sell for $700, and the fixed monthly operating costs are as follows: Rent and utilities $810 Wages and benefits to luthier 2,500 Other expenses 480 Luca's accountant told him about contribution margin ratios, and Luca understood clearly that for every dollar of sales, $0.60 went to cover his fixed costs, and anything above that point was profit. Luca is planning to increase the sales price to $750. What impact will the increase in sales price have on the contribution margin ratio? A) It will stay the same. B) It will increase to 53.33%. C) It will increase to approximately 62.67%. D) It will decrease to approximately 49.33%.