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:

Goals

Objectives or desired outcomes that an individual or organization aims to achieve.

Random Variable

A variable linked to numerical outcomes produced by random effects.

Expected Number

The mean or average outcome of a random variable in a probability distribution.

Catch Fish

The act of capturing fish as a form of aquatic animal harvesting for food, sport, or commercial purposes.