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The Contribution Margin Ratio of 40% Means That 60 Cents

question 131

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The contribution margin ratio of 40% means that 60 cents of each sales dollar is available to cover fixed costs and to produce a profit.


Definitions:

Genes

units of heredity that are transferred from a parent to their offspring and determine some characteristic of the offspring.

Chromosomes

Thread-like structures located inside the nucleus of animal and plant cells, made of protein and a single molecule of deoxyribonucleic acid (DNA).

Right Upper Quadrant

An area of the abdomen divided for clinical purposes, containing organs such as the liver, right kidney, and gallbladder.

Deoxyribonucleic Acid

A molecule that carries the genetic instructions used in the growth, development, functioning, and reproduction of all known living organisms and many viruses.

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