If You Sell $2,500 of Product, Pay COGS of $800

question 34

Multiple Choice

If you sell $2,500 of product, pay COGS of $800 and other variable costs of $450, what is your contribution margin in percentage form?

• A) 25.5%
• B) 50.0%
• C) 20.3%
• D) 33.3%

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Definitions:

Deadlocked Corporation

A situation where the directors or shareholders of a corporation are unable to reach a consensus, halting decision-making processes.

Cohen v. Mirage Resorts, Inc.

A legal case that addresses issues related to securities law, potentially involving aspects of shareholder rights or corporate governance.

Dissenting Shareholder

A shareholder who disagrees with the direction or decision of the majority of the company's management or the outcome of a vote and formally records their dissent.

Derivative Suit

A lawsuit brought by a company shareholder on behalf of the corporation against a third party, often the company's executives or directors, for allegedly harming the company.