Old Canadian Company Has Sales of $500,000, Variable Costs of $425,000

question 38

Multiple Choice

Old Canadian Company has sales of $500,000, variable costs of $425,000, and fixed costs of $25,000.New World Company has sales of $500,000, variable costs of $200,000, and fixed costs of $250,000.Old Canadian's contribution margin ratio is

• A)15%.
• B)60%.
• C)85%.
• D)95%.

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Definitions:

Conflict Theorists

Scholars who view social life as a competition, focusing on the distribution of resources, power, and inequality.

Mass Media

Forms of communication, such as newspapers, magazines, radio, television, and the internet, that reach large audiences and have a significant influence on public opinion.

War Efforts

National campaigns and initiatives undertaken to mobilize resources, including military and civilian contributions, toward the success in a time of war.

Core American Values

Fundamental beliefs and principles that are widely held and shared among the American population, such as freedom, equality, and democracy.