Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. knox corp has a selling price of $24, variable cos

Knox Corp has a selling price of $24, variable costs of $17.04 per unit, and...

80.2K

Verified Solution

Question

Accounting

Knox Corp has a selling price of $24, variable costs of $17.04 per unit, and fixed costs of $29,000. If Knox sells 9,000 units, the contribution margin ratio will equal

A. 14.408276%

B. 14.591724%

C. 29%

D. $62,640

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

CH OH H H HO OH H A B C H D OH HOCH O...

Biology
Q

Find the measure of the arc or angle indicated Angle BST 33 degrees 5 33...

Geometry
Q

Lesson 5 Splitting Triangle Sides with Dilation Part 1 Cool Down Missing Length What must...

Geometry
Q

ook int int ences Sydney Retailing buyer and Troy Wholesalers seller enter into the following...

Statistics
Q

Find the midpoint between -7+4i and 3-2i

Algebra
Q

6 22i 3i 6 22i 3i Simplify your answer Type your answer in the form...

Algebra
Q

- X 2000 Cool 000 DO Der - X 2000 Cool 000 DO Der

Accounting
Q

Whispering Winds Motors is a division of Whispering Winds Products Corporation. The division manufactures and...

Accounting
Q

Webster Corporation is preparing its cash budget for April. The March 31 cash balance is...

Accounting
Q

Prepare Cash Budget from Budgeted Transactions McCall Company anticipates a cash balance of $90,000 on...

Accounting
Q

A segment report can be prepared A. only for...

Accounting
Q

Relative strength analysis is useful in identifying 1. declining volume trends 1. reversals in price...

Finance