The decimal for 77/200 is 0.385
In an internal operating income statement, the form is as such:
(1) Sales (or Revenue) - Total Variable Costs = Contribution Margin;
(2) Contribution Margin - Total Fixed Costs = Operating Income
and
(3) Contribution Margin Ratio = Contribution Margin/Sales
The first equation helps us out. Sales is the whole amount for this statement, or 100%. We know variable costs are 62% and the rest goes to the Cont. Margin.
100% - 68% = 32% (choice A)
Answer:
-9 < x
Step-by-step explanation:
-3x - 7 < 20
+ 7 + 7
___________
-3x < 27
___ ___
-3 -3
x > -9 [Whenever you <em>divide</em><em> </em>or <em>multiply</em><em> </em>by a negative, reverse the inequality symbol.]
The above answer is written in reverse, which is the exact same result.
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