During a Recent Fiscal Year,Creek Company Reported Pretax Income of $125,000,a

question 139

Multiple Choice

During a recent fiscal year,Creek Company reported pretax income of $125,000,a contribution margin ratio of 25% and total contribution margin of $400,000.Total variable costs must have been:

• A)$1,100,000.
• B)$1,200,000.
• C)$500,000.
• D)$1,600,000.
• E)$2,100,000.

---

Definitions:

Complex Phenomena

Events or processes that involve multiple interrelated factors and cannot be easily explained or predicted by simple rules or models.

Social Representations

The shared beliefs, ideas, and values that are prevalent within a society or social group.

Social Schemas

Cognitive frameworks that help individuals organize and interpret information about social environments and interactions.

Paradigms

Widely accepted examples or patterns in scientific practice or research that influence the norms and standards of investigation and interpretation.