If Sales Are $914,000, Variable Costs Are $498,130, and Operating

question 9

Multiple Choice

If sales are $914,000, variable costs are $498,130, and operating income is $260,000, what is the contribution margin ratio?

• A) 52.2%
• B) 28.4%
• C) 54.5%
• D) 45.5%

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Definitions:

Societies

Groups of individuals living together in organized communities with shared laws, traditions, and values.

Results

Outcomes or outputs derived from specific actions, processes, or behaviors.

Stereotypes

Widely held but simplified and generalized beliefs about a particular group of people or things.

Gender

A social construct that refers to roles, behaviors, activities, and attributes that a given society considers appropriate for men, women, and other gender identities.