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Which statement best describes a private enterprise?
Contribution Margin Ratio
The contribution margin ratio is the ratio of the contribution margin (sales minus variable costs) to sales revenue, indicating the percentage of each sales dollar available to cover fixed costs and provide profit.
Fixed Monthly Expenses
Costs that do not vary from month to month, such as rent, loan payments, and insurance premiums.
Contribution Format Income Statement
An income statement format that separates fixed and variable costs to highlight the contribution margin of a business.
Unit Sales
The total number of individual units of a product sold by a company within a specific period of time.
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