Which of the Following Formulas Is Used to Calculate the Contribution

question 64

Multiple Choice

Which of the following formulas is used to calculate the contribution margin ratio?

• A) (Sales − Fixed costs) ÷ Sales.
• B) (Sales − Cost of goods sold) ÷ Sales.
• C) (Sales − Variable costs) ÷ Sales.
• D) (Sales − Total costs) ÷ Sales.

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Definitions:

Panama Canal

A man-made waterway that connects the Atlantic and Pacific Oceans across the Isthmus of Panama, significantly reducing the maritime journey time between the east and west coasts of the Americas.

Military Intervention

The act of a nation deploying its armed forces into another sovereign country for the purpose of influencing its affairs or securing its interests.

Voyage Length

The duration or distance covered by a journey, particularly by sea or space.

Wartime Propaganda

The use of media and information during war to influence public opinion and morale, often involving bias or misleading content.