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IgorLugansk [536]
3 years ago
11

Selma Inc. reported the following results from last year’s operations: Sales $ 13,800,000 Variable expenses 9,950,000 Contributi

on margin 3,850,000 Fixed expenses 3,022,000 Net operating income $ 828,000 Average operating assets $ 6,000,000
Last year's margin was closest to: Multiple Choice

78.1%
6.0%
13.8%
27.9%
Business
1 answer:
ValentinkaMS [17]3 years ago
4 0

Answer:

6%

Explanation:

Given that,

Sales = $ 13,800,000

Variable expenses = 9,950,000

Contribution margin = 3,850,000

Fixed expenses = 3,022,000

Net operating income = $ 828,000

Average operating assets = $ 6,000,000

Last year's margin:

= (Net income ÷ Sales) × 100

= ($828,000 ÷ $13,800,000) × 100

= 6%

Therefore, the last year's margin was closest to 6%.

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The Operations Section Chief directs all responses and tactical actions to achieve the incident objectives.

<h3>What is Operations Section Chief ?</h3>

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