Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. if sales are $804,000, variable costs are 69% of s

If sales are $804,000, variable costs are 69% of sales, and operating income is $267,000,...

60.1K

Verified Solution

Question

Accounting

If sales are $804,000, variable costs are 69% of sales, and operating income is $267,000, what is the contribution margin ratio?

a.31%

b.69%

c.65%

d.35%

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Those questions are related to Financial Mathematics: Mario’s regular pay is $23.00 per hour. The regular...

Civil Engineering
1.2K views

A horizontal pipe has an abrupt expansion from D1 = 8 cm to D2 = 16...

Electrical Engineering
1.2K views

Design and build an 8 bit Digital to Analog Converter using the LM741 OP Amp in...

Physics
1.2K views

After 500 years of drifting in space and a brief visit on board the flagship Draconia,...

General Management
1.2K views

In this lesson we discussed the importance of gathering information for your résumé and job application....

Physics
1.2K views

3 2 time that in the other pipe Water enters through end A with speed...

Basic Math
1.2K views

7 and 12 The histogram shows the starting salaries rounded to the nearest thousand dollars...

Basic Math
1.2K views

Suppose payroll tax is 6% of wage/salary income up to $100,000 and 2% of income...

Algebra
1.2K views

f x 5x 2 8x and g x 2x 2 7 find f g x...

Algebra
1.2K views

2 George is on the track team and can run 50 meters in 8 seconds...

Accounting
1.2K views

Present value index Tasty Doughnuts has computed the net present value for capital expenditure...

Accounting
1.2K views

Chris is the owner of a small bookshop while Kelvin is an expert who provides...