A(n) ____________________ Margin Is Calculated by Subtracting Variable Expenses from Sales

question 38

Short Answer

A(n) ____________________ margin is calculated by subtracting variable expenses from sales, and represents the amount of revenue that contributes to covering the fixed expenses of a company.

---

Definitions:

Restatement (Third)

A modern update or revision of legal principles in various areas of law, providing guidance and clarification on current legal standards and practices.

Second Restatement

A legal treatise reflecting the prevailing views on general principles of common law in the United States, influential in many areas of law.

Products Liability

The legal field where makers, distributors, suppliers, sellers, and other entities that offer products to consumers are accountable for any harm these goods inflict.

Breach Of Warranty

A violation of a guarantee made by a seller to a buyer regarding the condition or quality of a product or service.