If Sales Are $80,000, Variable Costs Are $50,000, and Fixed

question 40

Multiple Choice

If sales are $80,000, variable costs are $50,000, and fixed costs are $20,000, the contribution margin ratio is:

• A) 37.5%
• B) 12.5%
• C) 62.5%
• D) 25.0%

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Definitions:

Exert Control

The act of dominating or managing a situation, entity, or group of people through authority or power.

Indians

Refers to the indigenous peoples of the Americas, also known as Native Americans, with diverse cultures and societies spread across the continent prior to European colonization.

Colonial Land Ownership

The practice and policies regarding land possession and distribution during the colonial era, often involving exploitation and displacement of indigenous populations.

Peace of 1763

The Peace of 1763 refers to the Treaty of Paris, which ended the Seven Years' War and resulted in significant territorial changes, including France ceding much of its North American territories to Britain.