A Company with Sales of $50,000, a Contribution Margin Ratio

question 137

True/False

A company with sales of $50,000, a contribution margin ratio of 30%, and fixed costs of $25,000 will earn a net income of $10,000.

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Definitions:

Delay Gratification

The skill to forgo an immediate pleasure to receive a benefit in the future.

Fear of Success

An apprehension or anxiety over the potential negative consequences of achieving one's goals and the resulting changes in one’s life or relationships.

Sabotage

Deliberate action aimed at weakening a polity, effort, or organization through subversion, obstruction, disruption, or destruction.

Suicide Rates

The statistical figure representing the number of suicide deaths in a specified population and time period, typically per 100,000 individuals per year.