Sales Are $500000 and Variable Costs Are $330000

question 45

Multiple Choice

Sales are $500000 and variable costs are $330000. What is the contribution margin ratio?

• A) 52%
• B) 34%
• C) 66%
• D) Cannot be determined because amounts are not expressed per unit.

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Definitions:

Leadership Responsibility

Leadership responsibility involves guiding, directing, and being accountable for the actions and performance of a group or organization.

Charismatic Leader

A person who inspires and motivates others through their personal charm, persuasion, and dynamic personality.

Leader-Follower Relationships

The dynamic and interaction between those in leadership positions and their team members, critical for achieving organizational goals.

Transactional

pertains to exchanges or interactions that involve the transfer of goods, services, or funds, typically emphasizing short-term relationships or agreements.