Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 06 Aug 2017 My Price 2.00

Knick Company budgets

a. Knick Company budgets sales of $2,750,000, fixed costs of $600,000, and variable costs of $1,760,000. What is the contribution margin ratio for Knick Company? (Enter your answer as a whole number.)
%

b. If the contribution margin ratio for Koval Company is 40%, sales were $1,450,000, and fixed costs were $356,000, what was the income from operations?
$

Answers

Maurice Tutor
(5)
Status NEW Posted 06 Aug 2017 10:08 AM My Price 2.00

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