Current Attempt in Progress For Sheridan Company, sales revenue is $540000, variable expenses are $405000, and...

  

Transcribed Image Text:

Current Attempt in Progress For Sheridan Company, sales revenue is $540000, variable expenses are $405000, and fixed expenses are $140000. Sheridan's contribution margin ratio is O 74%. O 22%. O 25%. O 75%. CULTCH If contribution margin is $200000, sales revenue is $500000, and net income is $170000, then variable and fixed expenses are Variable O $30000 $300000 $700000 $170000 Fixed $300000 $30000 $330000 $330000 Current Attempt in Progress For Sheridan Company, sales revenue is $540000, variable expenses are $405000, and fixed expenses are $140000. Sheridan's contribution margin ratio is O 74%. O 22%. O 25%. O 75%. CULTCH If contribution margin is $200000, sales revenue is $500000, and net income is $170000, then variable and fixed expenses are Variable O $30000 $300000 $700000 $170000 Fixed $300000 $30000 $330000 $330000

Answer rating: 100% (QA)

Qa Given that Sales Revenue 540000 Variable expenses 405000 Fixed expenses 140000 ... View the full answer