A multiplicity bound for graded rings and a criterion for the Cohen-Macaulay property

Let $R$ be a polynomial ring over a field. We prove an upper bound for the multiplicity of $R/I$ when $I$ is a homogeneous ideal of the form $I=J+(F)$, where $J$ is a Cohen-Macaulay ideal and $F\notin J$. The bound is given in terms of two invariants of $R/J$ and the degree of $F$. We show that ideals achieving this upper bound have high depth, and provide a purely numerical criterion for the Cohen-Macaulay property. Applications to quasi-Gorenstein rings and almost complete intersections are given.