Contribution Margin Is

question 11

Multiple Choice

Contribution margin is:

• A)Sales less cost of sales
• B)Equivalent to gross profit
• C)Sales less fixed costs
• D)Sales less variable costs

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Definitions:

UCC

Refers to the Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States.

Destination Contract

A contract specifying that the seller will bear the cost and risk of the goods until they are delivered to a specific location.

Plywood

A type of engineered wood product made by gluing together several thin layers or plies of wood veneer.

Breach Of Warranty

occurs when a promised statement of fact about a product or service is not true or is violated.