Question: What would explain the difference between your answers for ( 1 ) and ( 2 ) ? a . Biblio Files Company has a higher
What would explain the difference between your answers for and
a Biblio Files Company has a higher contribution margin ratio, and so more of each sales dolyr is aralable te cever foud copts and provide operacing income.
b CovertoCover Company's contribution margin ratis is lower, meaning that it's more efficient in its operations.
c The companies have goals that are not in the relevant ranpe.
d The answers are not different; each company has the same repulred sales amount for the coming rear to actieve the desired target profic.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
