The Following Is Addison Corporation's Contribution Format Income Statement for Last

question 28

Multiple Choice

The following is Addison Corporation's contribution format income statement for last month: The company has no beginning or ending inventories. A total of 20,000 units were produced and sold last month.
-What is the company's contribution margin ratio?

• A) 250%
• B) 150%
• C) 70%
• D) 30%

---

Definitions:

First Amendment

A part of the United States Constitution that protects freedoms concerning religion, expression, assembly, and the right to petition.

Disparaging

Making belittling or derogatory statements or comments about someone or something.

Register of Copyright

An official record maintained by a government authority that lists works protected by copyright law.

Library of Congress

The research library that officially serves the United States Congress and is considered the national library of the U.S., holding a vast collection of books and resources.