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Sauron [17]
1 year ago
15

Sales total $500,000, and fixed costs total $300,000. The contribution margin ratio is 68%. Profit = $

Business
1 answer:
marin [14]1 year ago
8 0

Profit = $40,000

Given,

Total sales are $500,000

Total fixed costs are $300,000

Contribution margin ratio is 68%

Solution:

Profit = Total Sales × Contribution margin ratio − Total Fixed costs

         = $500,000 × 68% − $300,00

           =$340,000 −$300,000

Profit =$40,000

Profit:

Profit; also known as net income is the financial gain acquired when the amount of revenue generated by a company exceeds costs and expenses. Profit is the bottom line of a company′s income statement that shows the financial performance during the period.

Learn more about contribution margin :

brainly.com/question/18594744

#SPJ4

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Mike is driving over to his girlfriend's apartment and decides to buy some gum. He could stop in a gas station, go to any grocer
stepan [7]

Answer:

Intensive.

Explanation:

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Companies operating under the intensive channel coverage, are usually aimed at saturating the market with their products, by using all available sales outlets.

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5 0
3 years ago
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Answer:

Option (d) is correct.

Explanation:

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3 years ago
How do basic level occupation help society​
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Answer:

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