Multiple Choice
What ratio indicates the percentage of each sales dollar that is available to cover fixed costs and to provide a profit?
A) margin of safety ratio
B) contribution margin ratio
C) costs and expenses ratio
D) profit ratio
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q108: <br>(a) If Swannanoa Company's budgeted sales are
Q109: If a business had sales of $4,000,000
Q110: Given the following cost data, what type
Q111: Define operating leverage. Explain the relationship between
Q112: Johnson Plumbing's fixed costs are $700,000 and
Q114: Harley Company has sales of $500,000, variable
Q115: What was Carter Co.'s sales mix last
Q116: For the current year ending April 30,
Q117: A company with a break-even point at
Q118: Zipee Inc.'s unit selling price is $90,