Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 10, 2024

If sales are $813,000, variable costs are 73% of sales, and operating income is $249,000, what is the contribution margin ratio? Oa. 69% Ob. 27%

If sales are $813,000, variable costs are 73% of sales, and operating income is $249,000, what is the contribution margin ratio? Oa. 69% Ob. 27% Oc. 73% Od. 31%

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

The Internal Auditors Guide To Risk Assessment

Authors: Rick A. Wright Jr.

2nd Edition

1634540158, 9781634540155

More Books

Students also viewed these Accounting questions

Question

★★★★★

Would the world benefit from the general imposition of controls on the movement of international finance?

Answered: 1 week ago

Question

★★★★★

Identify the coordinates of any local and absolute extreme points and inflection points. Graph the function. y = 1 1 + ex

Answered: 1 week ago

Question

★★★★★

At which conferences do students regularly present?

Answered: 1 week ago

Question

★★★★★

Now reconsider the expanded version of the Silicon Dynamics problem described in Probs.16.3-2 and 16.4-2. (a) Use ASPE to construct and solve the decision tree for this problem. (b) Perform...

Answered: 1 week ago

Question

★★★★★

A debt of $19072 is due at the end of 17 months. Using a simple interest rate of 3.34% per annum, determine an equivalent debt at the end of 10 months A) $18555.54 B) $19602.84 C) $19443.59 D)...

Answered: 1 week ago

Question

★★★★★

The trusses are pin connected and suspended from the parabolic cable. Determine the maximum force in the cable when the structure is subjected to the loading shown. E, 14 ft 6 ft K 16 ft G H B V4 k 5...

Answered: 1 week ago

Question

★★★★★

Exploits that move the system s return pointer to memory locations holding malicious code to gain control of the system or establish a backdoor connection are known as Group of answer choices...

Answered: 1 week ago

Question

★★★★★

Which of the following statements IS NOT true for a stone attached to a string and swung in a uniform vertical circular motion? 1. The magnitude of resultant force acting on the stone changes...

Answered: 1 week ago

Question

★★★★★

Identify an example of a vision statement for an automobile manufacturing company. Multiple choice question. To offer the best luxury cars in the country To increase the number of workers in the...

Answered: 1 week ago

Question

★★★★★

a project is partially complete. the work package estimate was$297000,the contingency reserve is 34.5% and the management reserve is38.5% of the baseline. There are 2 approved change request based on...

Answered: 1 week ago

Question

★★★★★

Ashanti has one full year to go before she graduates and begins interviewing. Which step is most helpful for Ashanti toward her formal preparation for job hunting? Multiple Choice Select course...

Answered: 1 week ago

Question

★★★★★

Natalia is in her final semester at college, and wishes to prepare to secure a full - time Web developer position upon graduation. She believes potential employers will be favorably impressed by the...

Answered: 1 week ago

Question

★★★★★

Kim Davidson states that hiring HR professionals is similar to hiring IT professionals. What does he mean?

Answered: 1 week ago

Question

★★★★★

What are the reasons that all employees need to know about and understand HRM?

Answered: 1 week ago

Question

★★★★★

Identify HRM systems, practices, and policies.

Answered: 1 week ago

Previous Question Next Question