A company has sales of $192,000, fixed costs of $40,000 and a contribution/sales ratio of one-third. What
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A company has sales of $192,000, fixed costs of $40,000 and a contribution/sales ratio of one-third. What are its profits?
A. $24,000
B. $50,667
C. $64,000
D. $88,000
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Related Book For
Accounting For Cambridge International AS And A Level
ISBN: 9780198399711
1st Edition
Authors: Jacqueline Halls Bryan, Peter Hailstone
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