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Which one of the following instructions is considered the first and last commandment of good listening,because all other commandments depend on it?
Contribution Margin Ratio
The percentage of each sales dollar that contributes to covering fixed costs and generating profit.
Pre-tax Income
The total earnings of a company before any taxes have been deducted, often considered when assessing the profitability of a company.
Contribution Margin
The contribution margin is the revenue from a product or service minus the variable cost, indicating how much contributes to covering fixed costs and generating profit.
Net Income
A company's overall income following the subtraction of all costs, taxes, and expenses from its gross revenue.
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