Sales Are $60,000 and Variable Costs Are $45,000

question 94

Multiple Choice

Sales are $60,000 and variable costs are $45,000.How much is the contribution margin ratio?

• A)75%
• B)50%
• C)25%
• D)Cannot be determined without more information.

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Definitions:

High Cooperativeness

Refers to the willingness of individuals or groups to work jointly and effectively with others for a common purpose.

Collaborating

A process where two or more individuals or entities work together to achieve shared goals through joint effort, resources, and decision-making.

Distributive Negotiation

Win–lose negotiation in which a fixed number of assets is divided between parties.

Competition

The activity or condition of striving to gain superiority over others in the same field or market.