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The Ratio That Indicates the Percentage of Each Sales Dollar

question 14

True/False

The ratio that indicates the percentage of each sales dollar available to cover the fixed costs and to provide operating income is termed the contribution margin ratio.


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Disclaimer

A statement that denies responsibility or affiliation, typically used to limit legal liability.

Per Diem

A daily allowance for expenses, often provided to employees for the days they work away from the office or on business travel.

Accountants

Professionals who manage financial transactions, records, and statements for individuals or businesses, ensuring accuracy and compliance with legal requirements.

Human-Resources

The division of a business or organization that deals with hiring, training, and managing personnel.

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