A contractor has $100,000 fixed costs and a contribution margin ratio of 25%. If he wants a $50,000 profit, what revenue is required?
a.$400,000
b.$200,000
c.$150,000
d.$600,000
Giải thích
Required revenue = (fixed costs + target profit) / contribution margin ratio = ($100,000 + $50,000) / 0.25 = $150,000 / 0.25 = $600,000.
Luyện miễn phí toàn bộ 1632 câu hỏi — không cần đăng ký.
Own the complete CSLB Law & Business guide — PDF + EPUB, $24.99 →
Câu hỏi liên quan cùng chủ đề
- A contractor has fixed costs of $90,000 per year. His contribution margin (price minus variable cost) is 30% of revenue. What annual revenue does he need to break even?
- A contractor's fixed (overhead) costs are $60,000/year. Each job nets $2,000 of contribution margin. How many jobs must he complete to break even?
- The break-even point is best defined as the level of sales at which:
- If a contractor's fixed costs rise while his contribution margin ratio stays the same, the break-even point will:
- A framing job needs 3,200 board feet of lumber at $0.85 per board foot, plus 40 labor hours at $45/hour. What is the estimated direct cost?
- A contractor estimates a job at 120 labor hours. Actual hours worked were 150. By what percentage did labor hours exceed the estimate?
Cập nhật gần nhất: · quy trình kiểm tra
Đội ngũ PrepPass · Đối chiếu với California CSLB Contractor License Law & Business Exam · Quy trình kiểm tra
Người kiểm duyệt Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — kiểm tra)