The following is Addison Corporation's contribution format income statement for last month: 
The company has no beginning or ending inventories. A total of 20,000 units were produced and sold last month.
-What is the company's contribution margin ratio?
Definitions:
Necessaries
Goods or services that are essential for maintaining a person's health, education, comfort, or welfare.
Reasonable Value
The fair or market value of a service or item, determined by considering what a willing buyer would pay and a willing seller would accept.
Parents Responsible
An obligation or duty of parents to take care of, make decisions for, and financially support their children.
Torts
A branch of civil law dealing with situations where one's negligence or intentional act causes harm or loss to another, leading to legal liability.
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