If Sales Are $820,000,variable Costs Are 68% of Sales,and Operating

question 133

Multiple Choice

If sales are $820,000,variable costs are 68% of sales,and operating income is $260,000,what is the contribution margin ratio?

• A)53%
• B)38%
• C)47%
• D)32%

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Definitions:

Person-Centred Theory

A psychological approach that emphasizes the importance of the individual's self-concept and the inherent capacity for personal growth and self-healing.

Carl Rogers

An influential American psychologist who founded the humanistic approach to psychology, emphasizing the importance of the self and the individual's capacity for personal growth.

Rational-Emotive Theory

A cognitive-behavioral approach to therapy that emphasizes the role of thinking and belief systems as the root of emotional and behavioral disturbances.

Animalistic Drives

Fundamental, instinctual forces that motivate behavior, often related to survival and reproduction.