If sales are $500,000, variable costs are $200,000, and fixed costs are $240,000, what is the contribution

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If sales are $500,000, variable costs are $200,000, and fixed costs are $240,000, what is the contribution margin ratio?

a. 40%

b. 48%

c. 52%

d. 60%

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Financial And Managerial Accounting

ISBN: 9781337902663

15th Edition

Authors: Carl S. Warren, Jefferson P. Jones, William B. Tayler

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Question Posted: Feb 07, 2024 06:31 AM

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If sales are $500,000, variable costs are $200,000, and fixed costs are $240,000, what is the contribution

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d The contribution margin ratio indicates the percentag...View the full answer

Financial And Managerial Accounting

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