If Sales Are $160,000, Variable Costs Are $100,000, and Fixed

question 64

Multiple Choice

If sales are $160,000, variable costs are $100,000, and fixed costs are $40,000, the contribution margin ratio is:

• A) 62.5%
• B) 12.5%
• C) 37.5%
• D) 25.0%

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Definitions:

Opportunities

Situations or conditions that present chances for progress or advancement.

Incompatible Goals

Objectives that conflict with each other and cannot be achieved simultaneously.

Interdependence

The mutual reliance between two or more groups or people.

Expressed Struggle

The outward manifestation of a conflict or dispute between two or more parties.