Last Year,RC Rancho's Revenue Was $120,000,000,variable Costs Were $90,000,000 and Fixed

question 163

True/False

Last year,RC Rancho's revenue was $120,000,000,variable costs were $90,000,000 and fixed costs were $15,000,000.RC Rancho's contribution margin ratio was 25 percent.

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Definitions:

Balance of Payments Deficit

A situation where a country's total payments to other countries exceed its total receipts from other countries over a certain period.

Souvenirs and Clothing

Souvenirs and clothing encompass items purchased as memorabilia from a specific location or event and garments for personal use or adornment.

Hard Currencies

are globally traded currencies that are widely accepted for trade and investment, considered strong and stable.

Barter System

An economic system where goods and services are exchanged directly for other goods and services without using money as a medium.