The Contribution Margin Ratio Is Calculated As

question 32

Multiple Choice

The contribution margin ratio is calculated as:

• A)variable cost per unit/fixed cost per unit
• B)selling price per unit/variable cost per unit
• C)total fixed cost/contribution margin per unit
• D)contribution margin per unit/selling price per unit

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Definitions:

Check Register

A check register, also known as a cash disbursements journal, is used to keep track of financial transactions, specifically outflows, associated with a bank account.

Cash Balance

The amount of cash a company or individual has available after all transactions have been accounted for.

Checks

Written, dated, and signed instruments that direct a bank to pay a specific sum of money to the bearer.

First National Bank

A commonly used name for banks in various countries, typically indicating it was the first bank chartered under national laws.