Sarah Smith, a Sole Proprietor, Has the Following Projected Figures

question 77

Multiple Choice

Sarah Smith, a sole proprietor, has the following projected figures for next year: What is the contribution margin ratio?

• A) 0.300
• B) 1.429
• C) 0.429
• D) 3.333

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Definitions:

Personal Responsibility

The idea that individuals are responsible for their own actions and consequences, emphasizing accountability and self-reliance.

Work Opportunity Act

Legislation aimed at increasing job opportunities for individuals, often focusing on providing skills and training to the unemployed or underemployed.

Poverty Rate

A measure indicating the percentage of the population whose income falls below the threshold considered necessary for basic living conditions.

Working Class Women

Women who are part of the labor force, often in roles characterized by manual or industrial work, and who may face unique socioeconomic challenges.