If Sales Are $525,000, Variable Costs Are 53% of Sales

question 179

Multiple Choice

If sales are $525,000, variable costs are 53% of sales, and operating income is $50,000, what is the contribution margin ratio?

• A) 47%
• B) 26.5%
• C) 9.5%
• D) 53%

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Definitions:

B. F. Skinner

An influential American psychologist known for his work in developing the theory of behaviorism.

African American Psychology

A branch of psychology that focuses on the study of the cultural, social, and historical influences on the mental health and behavior of African Americans.

Francis Cecil Sumner

Acknowledged as the first African American to receive a Ph.D. in psychology in the United States.

Behavioral Perspective

An approach in psychology focusing on observable behaviors and how they're learned through interactions with the environment.