Asked by Khalifa Al Romaithi on Jul 15, 2024
Verified
Sales in Store J totaled:
A) $400,000
B) $250,000
C) $150,000
D) $100,000
Sales
The entire income earned by a company from selling its products or services over a certain time frame.
- Ascertain the total net operating income of a business and comprehend its elements.
Verified Answer
NA
Nadhu Ahmed6Jul 17, 2024
Final Answer :
B
Explanation :
Store J CM ratio = Store J contribution margin ÷ Store J sales
0.40 = $100,000 ÷ Store J sales
Store J sales = $100,000 ÷ 0.40 = $250,000
0.40 = $100,000 ÷ Store J sales
Store J sales = $100,000 ÷ 0.40 = $250,000
Learning Objectives
- Ascertain the total net operating income of a business and comprehend its elements.