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:

Auditory Stimuli

Sounds or noises that evoke a response from the auditory system.

Reaction Time

The amount of time it takes to respond to a stimulus.

Gross Motor Skills

The abilities required to control the large muscles of the body for walking, running, sitting, crawling, and other activities.

Attention-Deficit/Hyperactivity Disorder

A neurodevelopmental disorder characterized by persistent issues with attention, hyperactivity, and impulsiveness.