If Sales Total $2,000,000, Fixed Costs Total $800,000, and Variable

question 178

True/False

If sales total $2,000,000, fixed costs total $800,000, and variable costs are 60% of sales, the contribution margin ratio is 40%.

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Definitions:

Willing Participant

An individual who agrees to take part in a research study or experiment without any coercion, fully understanding the nature of the research.

Spontaneous Brain Activity

Neural activity within the brain that occurs without external stimuli, often observed in resting-state functional connectivity studies.

Stimuli

External elements or occurrences that influence physical or psychological responses.

Dreams

A sequence of thoughts, images, and sensations occurring in a person's mind during sleep.