If the Unit Contribution Margin Is $1 and Unit Sales

question 153

True/False

If the unit contribution margin is $1 and unit sales are 10000 units above the break-even volume then net income will be $10000.

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Definitions:

In Pari Delicto

A legal doctrine that prevents a plaintiff who has participated in wrongdoing from recovering damages for loss resulting from the wrongdoing.

Court

An institution that has the authority to decide disputes, administer justice, and apply the law.

Remedy

A form of legal redress used to enforce a right or compensate for harm or injury caused by the breach of a legal duty.

Unconscionability

A doctrine in contract law that allows courts to refuse the enforcement of contracts that are grossly unfair or oppressive, due to a significant imbalance in power or information.