The Contribution Margin Ratio Can Be Calculated by Subtracting the Variable

question 98

True/False

The contribution margin ratio can be calculated by subtracting the variable cost ratio from one.

---

Definitions:

Network Interface Card (NIC)

An expansion card that enables a computer to connect other computers or to a cable modem to facilitate a high-speed Internet connection.

Computers

Electronic devices that can store, retrieve, and process data, and can execute a programmed list of instructions (a program).

Internet

A global system of interconnected computer networks that use the Internet protocol suite to communicate between networks and devices.

ROM

Read-Only Memory, a non-volatile storage medium that is used to store firmware.