The correct answer is A.
I Hope I helped you! :)
- Shelly O
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)
Let b and s be the velocity of the boat and stream respectively....
3(b-s)=27
b-s=9
b=9+s we will use this in the second equation....
2(b+s)=30
b+s=15, now use b found above in this to get:
9+s+s=15
2s+9=15
2s=6
s=3, and since from earlier b-s=9, b=9+s so
b=12
So the speed of the boat is 12mph and the stream is 3 mph
40 * 7.85 = 314
32.24 + 24.02 + 24.53 = 80.79
314 - 80.79 = 233.21
Answer is D
If y varies directly with x, that means they change at proportion rates. We can define their relationship using a constant k.
y = kx
Plug in what we know to find k.
-3 = 5k
k = -3/5
So:
y = -1 * (-3/5)
y = 3/5
