Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 22, 2024

If sales are $811,000, variable costs are 70% of sales, and operating income is $247,000, what is the contribution margin ratio? ca. 30% b. 34%

image text in transcribed

If sales are $811,000, variable costs are 70% of sales, and operating income is $247,000, what is the contribution margin ratio? ca. 30% b. 34% OC. 66% d. 70%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Karen Wilken Braun, Wendy M. Tietz

2nd Custom Edition

1269396803, 978-1269396806

More Books

Students also viewed these Accounting questions

Question

★★★★★

How many grams of aluminum at 80.0C would have to be dropped into a hole in a block of ice at 0.0C to melt 10.0 g of ice?

Answered: 1 week ago

Question

★★★★★

Identify the hybrid orbitals on the carbon atoms that form the bonds in the following species. (a) CO 2 3 (b) CH 2 F 2 (c) H 2 CO

Answered: 1 week ago

Question

★★★★★

Evaluate contemporary challenges to behavioral theories of learning and address concerns about their application.

Answered: 1 week ago

Question

★★★★★

You are chairperson of the investment fund for the Continental Soccer League. You are asked to set up a fund of semiannual payments to be compounded semiannually to accumulate a sum of $250,000 after...

Answered: 1 week ago

Question

★★★★★

I am getting this error when trying to run a script containing a bam and gtf file for analysis: [ W::hts _ idx _ load 3 ] The index file is older than the data file: sample _ sort.bam.bai please help...

Answered: 1 week ago

Question

★★★★★

Requlred Information Problem 6-10 (Static) Long-term contract; revenue recognition over time [LO6-8, 6-9] [The following information applies to the questions displayed below.] In 2024, the Westgate...

Answered: 1 week ago

Question

★★★★★

n Suppose X1,..., X are n iid random variables from the cumulative distribution func- tion F(x). Let Y = X; for i = 1,..., n. We further know that X; and Y; have the same distribution. For 0.5 Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★

The following was posted 7:09 AM, MAY 4, 2020, by Fox Television Stations, updated AT 07:16AM, May 4, 2020. LITTLE ROCK, Ark. Walmart paid almost $180 million in cash bonuses to its hourly associates...

Answered: 1 week ago

Question

★★★★★

Typing your name at the end of an email typically constitutes an electronic signature under Queensland law. Provide an analysis and evaluation of the case law to date on whether an email header,...

Answered: 1 week ago

Question

★★★★★

identify any other country of interest to you besides the US, Iran, or Russia. You also should pick a country that no one else in your discussion board has analyzed. Then, post a short assessment of...

Answered: 1 week ago

Question

★★★★★

What term best describes that we have a proclivity to help those who are similar to us in terms of nationality, religion, race, gender, etc.?

Answered: 1 week ago

Question

★★★★★

5.51 Given an arrival process with l = 8.0, what is the probability that an arrival occurs in the first t = 7 time units?

Answered: 1 week ago

Question

★★★★★

5.46 A random sample of 100 blue-collar employees at a large corporation are surveyed to assess their attitudes toward a proposed new work schedule. If 60% of all blue-collar employees at this...

Answered: 1 week ago

Question

★★★★★

5.57 It is known that for a laboratory computing system the number of system failures during a month has a Poisson distribution with a mean of 0.8. The system has just failed. Find the probability...

Answered: 1 week ago

Previous Question Next Question