Bryce Co Sales Are $914,000, Variable Costs Are $498,130, and Operating

question 38

Multiple Choice

Bryce Co. sales are $914,000, variable costs are $498,130, and operating income is $196,000. What is the contribution margin ratio?

• A) 52.2%
• B) 28.4%
• C) 54.5%
• D) 45.5%

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Definitions:

Quiet Period

A mandated time frame where promotional or public communications by a company are restricted by regulatory authorities before an IPO.

SEC

The U.S. Securities and Exchange Commission, a federal agency responsible for enforcing federal securities laws and regulating the securities industry.

Cumulative Voting

A method of electing boards of directors in which stockholders can cast all of their votes for a single seat. Enables minority interests to get at least some representation on the board.

Minority Stockholders

Minority stockholders are investors who own a smaller portion of a company's shares and typically do not have control or significant influence over the company's decisions.