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Qualitative.

ranking simply orders them according to another variable which may be the quantitative one and has a measurable scale (e.g. GPA score or Sales figures)

That is, we have a scale to compare a gpa score of 3.0 with 2.0

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Q: Is sales rank or class rank a qualitative or quantitative variable?
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Is sales rank a quantitative or qualitative variable?

Sales rank is a quantitative variable. The underlying value is sales, obviously a quantitative value. The median, minimum, maximum and percentile values are all quantitative statistics based on the ranking of data.


How can you determine sales when variable cost is given and sale ratio?

If Variable cost and sales ratio is provided then by using mathematical equation approach mixing figures can be found by using provided figures. Sales = Variable cost + Sales percentage of (Variable cost)


Is sales commissions a fixed or variable cost?

Sales Commission varies with volume of sales that's why it is a variable cost as much the sales as much the sales commission, high sales high sales commission and vice versa.


Is commissions a fixed or variable costs?

Sales Commission varies with volume of sales that's why it is a variable cost as much the sales as much the sales commission, high sales high sales commission and vice versa.


Does contribution margin equal Sales-variable costs?

Contribution margin is computed as sales revenue minus variable expenses


How do you calculate the Contribution margin ratio?

sales-variable cost= contribution


Variable costing income is a function of?

sales


The margin of safety is equal to?

a. sales-net operation incomeb. sales-(variable expenses/contribution margin)c. sales-(fixed expenses/contribution margin ratio)d. sales-(variable expenses + fixed expenses)


What is contribution margin ratio?

contribution margin ratio = (sales - variable costs) / Sales


Should you use estimable or estimatable?

It should be "estimable", in cases of accurately portraying either the qualitative or quantitative characteristic of something . "Estimatable" is not a word.i.e.:1. My bonus this year is not estimable as it will depend on the sales level of a brand new item.2. We were abhorred to find out that such an estimabledoctor in the medical industry was in fact, not licensed to practice.


What is ratio variable?

It is the ratio generated by dividing the Variable cost over total Sales/Revenue


How quantitative approach is useful in Mcdonalds?

It can hep to predict the sales of the corporations. It can help to get a feedback to consumers.