Sales Amount to $774,000, Variable Costs Are 59% of Sales

question 37

Multiple Choice

Sales amount to $774,000, variable costs are 59% of sales, and fixed cost is $120,000.What is the contribution margin ratio?

• A) 37%
• B) 44%
• C) 39%
• D) 41%

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Definitions:

Skill and Luck

Factors contributing to success, where skill involves abilities and training while luck pertains to chance or fortuitous events.

Learned Helplessness

A condition where an individual becomes passive and unable to act to control or change a harmful or stressful situation, often as a result of repeated failures or a sense of powerlessness.

Physical Abuse

Harm or injury deliberately inflicted on a person's body, including hitting, beating, burning, or assaulting.

Hopelessly Resigned

A state of acceptance without hope where an individual no longer resists a negative situation and expects no change for the better.