A manufacturer of tiling grout has supplied the following data:

Kilograms produced and sold 330,000
Sales revenue $1,920,000
Variable manufacturing expense $957,000
Fixed manufacturing expense $260,000
Variable selling and administrative expense $360,000
Fixed selling and administrative expense $226,000
Net operating income $117,000
The company's contribution margin ratio is closest to:

a. 50.2%
b. 81.3%
c. 31.4%
d. 74.7%

3. describe the purpose of the sec. (1-4 sentences. 2.0 points)

For each of the following users of financial accounting information and managerial accounting information, specify whether the user would primarily use financial accounting information or managerial accounting information or both: 1. sec examiner 2. bookkeeping department 3. division controller 4. external auditor (public accounting firm) 5. loan officer at the company's bank 6. state tax agency auditor 7. board of directors 8. manager of the service department 9. wall street analyst 10. internal auditor 11. potential investors 12, current stockholders 13. reporter from the wall street journal 14. regional division managers

You are the cfo of a u. s. firm whose wholly owned subsidiary in mexico manufactures component parts for your u. s. assembly operations. the subsidiary has been financed by bank borrowings in the united states. one of your analysts told you that the mexican peso is expected to depreciate by 30 percent against the dollar on the foreign exchange markets over the next year. what actions, if any, should you take