Use the Information Below to Answer the Following Question(s)

question 118

Multiple Choice

Use the information below to answer the following question(s) .
Express Bus Company operates a bus route that takes passengers from Cleveland to Chicago every day. Assume the bus tickets sell for $50 per rider; the bus line's variable costs are $35 per rider; and its fixed costs are $75,000 each month.
-What is the contribution margin ratio at Express Bus Company?

• A) 70%
• B) 30%
• C) 333%
• D) 15%

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Definitions:

Pure Science Research

Pure science research focuses on generating fundamental knowledge and understanding of nature and its laws without immediate consideration for practical applications.

Practical Problems

Issues or challenges that arise in everyday life that require solutions which are feasible and applicable in the real world.

Mental Processes

Internal cognitive operations that enable humans to acquire, process, store, and retrieve information, such as thinking, reasoning, and remembering.

Cognitive Perspective

An approach in psychology that focuses on the way people perceive, process, and remember information.