If sales are $24,000, variable costs are $8,000, and fixed costs are $3,000, the contribution margin ratio is: (rounded to the nearest number). O a. 67% O b. 13% O c. 33% O d. 54% O e. None of the given answers

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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100%
Marked out of
O b. $1.66
1.00
O c. $3.33
P Flag
O d. $2.66
question
O e. $4.16
Question
20
If sales are $24,000, variable costs are $8,000, and fixed costs are $3,000, the contribution margin ratio is: (rounded
to the nearest number)
Not yet
O a.
67%
answered
O b. 13%
Marked out of
1.00
O c.
33%
P Flag
O d. 54%
question
O e. None of the given answers
0 al -
eT:4
TOSHIBA
Transcribed Image Text:Marked out of O b. $1.66 1.00 O c. $3.33 P Flag O d. $2.66 question O e. $4.16 Question 20 If sales are $24,000, variable costs are $8,000, and fixed costs are $3,000, the contribution margin ratio is: (rounded to the nearest number) Not yet O a. 67% answered O b. 13% Marked out of 1.00 O c. 33% P Flag O d. 54% question O e. None of the given answers 0 al - eT:4 TOSHIBA
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