Variable Costs as a Percentage of Sales Are Equal to 100

question 168

True/False

Variable costs as a percentage of sales are equal to 100% minus the contribution margin ratio.

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Definitions:

Oxymercuration-demercuration

A two-step organic reaction process used to convert alkenes into alcohols, involving the addition of mercury (II) acetate followed by reduction.

Skeletal Rearrangement

A molecular process in which a molecule's skeletal structure undergoes a reorganization, changing its connectivity without altering the formula.

Markovnikov Addition

A rule in organic chemistry that describes the outcome of addition reactions, specifically that hydrogen is added to the carbon with the greatest number of hydrogens in an unsaturated hydrocarbon.

Skeletal Rearrangement

A type of organic reaction where the carbon skeleton of a molecule is rearranged to give a structurally different molecule.