Accounting MCQ 668 MCQ: Accounting-The contribution marginratio is calculated as how?a) Contribution margin divided by salesb) Operating income divided by salesc) Gross margin divided by salesd) Net income divided by sales

Explanation of Contribution Margin:Contribution margin is the amount remaining from sales revenue…

Answered: MCQ: Accounting-The contribution margin…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 3Q: Explain how a contribution margin income statement can be used to determine profitability.

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I want Correct Answer with explanation of this financial accounting question
The contribution margin ratio is calculated as how? a) Gross margin divided by sales b) Operating income divided by sales c) Contribution margin divided by sales d) Net income divided by sales.Answer this question
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MCQ: Accounting-The contribution margin ratio is calculated as how? a) Contribution margin divided by sales b) Operating income divided by sales c) Gross margin divided by sales d) Net income divided by sales