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

question 158

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 60%.

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Definitions:

Protostomes

A group of animals characterized by the blastopore (the first opening in the developing embryo) becoming the mouth, including groups like mollusks and annelids.

Deuterostomes

A group in the animal kingdom characterized by the development of the anus from the first opening in the embryo, with the mouth developing later.

Embryonic Development

The process through which an embryo forms and develops from fertilization to birth.

Cephalization

Having a well-recognized anterior head with a brain and sensory receptors.