Contribution Margin Ratio Is Equal to Contribution Margin Per Unit

question 95

True/False

Contribution margin ratio is equal to contribution margin per unit divided by unit sales price.

Understand the basic concepts and differences between sole proprietorships, partnerships, limited liability companies (LLCs), corporations, and cooperatives.

Recognize the legal implications of partnership actions and the responsibilities of partners in a business.

Identify the characteristics and limits of various business formations, including S corporations and franchises.

Understand how limited liability partnerships (LLPs) and limited liability companies (LLCs) protect their owners.