Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. sales are $500,000 and variable costs are $200,000

Sales are $500,000 and variable costs are $200,000. What is the contribution margin...

50.1K

Verified Solution

Question

Accounting

image

Sales are $500,000 and variable costs are $200,000. What is the contribution margin ratio? A. 50% B. 40% C. 60% D. Cannot be determined because amounts are not expressed per unit

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

a Sketch the graph of the parametric curve x 3 sint 3 y 4 cos...

Biology
1.2K views

The Most effective means stopping the spread of Infection:a. Wearing a maskb. Hand washingc. Cleaning...

Physics
1.2K views

What do we call the part of the wave labeled with the letter C in...

Physics
1.2K views

145 A closed chain A of mass m 0 36 kg is attached to a...

Geometry
1.2K views

Find the area of the shap Find the area of the figure Use 3 14...

Basic Math
1.2K views

Which of the following are tautologies Select all that apply OA p 0 OB p...

Calculus
1.2K views

12 x 7x 12

Accounting
1.2K views

Bobby is trying to decide between two credit cards. One has no annual fee and...

Accounting
1.2K views

Solve for the amount of discount and amount due. Invoice amt: $1430 Invoice date:...

Accounting
1.2K views

4j 8The cash account for Brentwood Bike Co. at May 1 indicated a balance of...

Accounting
1.2K views

Trez Company began operations this year. During this year, the company produced 100,000 units and...

Accounting
1.2K views

Your firm has limited capital to invest and is therefore interested in comparing projects based...