One as it intersects only on the Y axis
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)
9514 1404 393
Answer:
0.344
Step-by-step explanation:
There are 20C10 = 184,756 ways to choose 10 problems at random from a list of 20.
There are 10C5 = 252 ways to choose 5 of the 10 algebra problems, and the same number of ways to choose 5 of the 10 geometry problems. Then there are 252² = 63,504 ways to choose 5 problems each of algebra and geometry.
The probability of choosing 5 problems in each category is ...
63504/184756 ≈ 0.344
