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:

Acculturation

The process of cultural change and psychological change that results following meeting between cultures, including adopting the cultural traits or social patterns of another group.

Acculturative Stress

The psychological impact of adapting to a new culture, which may involve stress due to loss of social support systems, identity confusion, and facing discrimination.

Marginalized

Describes individuals or groups that are excluded, ignored, or relegated to the outer edge of society or a community.

Original Culture

The fundamental characteristics, beliefs, and practices of a society or community that have been established over time and serve as the foundation for its current identity and social norms.