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Which of the following provides health-care coverage to people age 65 and over?
Contribution Margin Ratio
The percentage of sales revenue remaining after variable costs are deducted, indicating how much contributes to fixed costs and profit.
Fixed Expenses
Costs that do not change with the level of production or sales over a certain period, such as rent, salaries, and insurance.
Sales
The total amount received from selling goods or services over a given period.
Residual Income
The income that exceeds the minimum required return on an investment or business segment.
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