If Sales Total $1,000,000, Fixed Costs Total $200,000, and Variable

question 41

True/False

If sales total $1,000,000, fixed costs total $200,000, and variable costs are 55% of the sales, the contribution margin ratio is 55%.

---

Definitions:

Major Depression

A serious mood disorder characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in previously enjoyed activities.

Behavioral Symptom

Observable actions or responses that indicate the presence of a psychological condition or disorder.

Depression

A disorder related to mental health, identified by a continual depressed state or a disengagement with interests, which considerably impairs everyday living.

Melancholic Depression

A subtype of major depressive disorder characterized by specific symptoms such as profound feelings of sadness, early morning awakening, and significant weight loss.