Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. if sales are $820,000, variable costs are 66% of s

If sales are $820,000, variable costs are 66% of sales, and operating income is $250,000,...

70.2K

Verified Solution

Question

Accounting

If sales are $820,000, variable costs are 66% of sales, and operating income is $250,000, what is the contribution margin ratio?

a.66%

b.62%

c.38%

d.34%

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

Basic Math
1.2K views

Following are the number of miles traveled for 30 randomly selected business flights within the United...

Electrical Engineering
1.2K views

Followings are the specifications of a laser displacement sensor: (a) Measurement range: +10 mm (b) Measurement centre point:...

Accounting
1.2K views

Mastery Problem: Activity-Based Costing WoolCorp WoolCorp buys sheep’s wool from farmers. The company began operations in January of...

Biology
1.2K views

You are a super scientist and are busy at work examining a cell with a...

Biology
1.2K views

Who according to the Benjamin Franklin, in the essay The Whistle,gave up every kindof comfortable...

Physics
1.2K views

A block placed on x y plane at origin and is pulled by two forces...

Calculus
1.2K views

Find the solution of the following initial value problems f x 12x 7 f 0...

Algebra
1.2K views

Add the following terms if possible 420 3 125 Select the correct choice below and...

Accounting
1.2K views

Q31 All of the following are reasons for issuing small stock dividends except a-it...

Accounting
1.2K views

Question One (15 Marks). Mr. John Wanjala Batista is an employee of Ujuzi Company Limited....

Accounting
1.2K views

can you help me to prepare a role play on priya ramani case please help...

Accounting
1.2K views

incntary Wisithtad-averase east net with 5 2. Fife 1. Avinaterost IVFA 2. FIFO: 2. filenasecout