If a Company Had a Contribution Margin of $1000000 and a Contribution

question 99

Multiple Choice

If a company had a contribution margin of $1000000 and a contribution margin ratio of 40% total variable costs must have been

• A) $1500000.
• B) $600000.
• C) $2500000.
• D) $400000.

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Definitions:

Ideals

Standards or models of perfection and excellence that individuals or societies strive to achieve.

Principles

Fundamental truths or propositions that serve as the foundation for a system of belief or behavior or for a chain of reasoning.

Achievement-motivated

Characterizes individuals who are driven by the desire to accomplish significant tasks, solve problems, and achieve high standards of success.

Services

Economic activities offered by one party to another, often involving a form of work done for customers without the production of physical goods.