Which of the following formulas is the right formula for calculating contribution margin ratio?
A) Contribution margin ratio = Contribution margin + Net sales revenue
B) Contribution margin ratio = Contribution margin / Net sales revenue
C) Contribution margin ratio = Contribution margin x Net sales revenue
D) Contribution margin ratio = Contribution margin - Net sales revenue
B
Business
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Which of the following does not affect the current liabilities section of the balance sheet?
A. Insurance bill to be paid next month B. Sale of goods on credit C. Wages owed to employees but not yet paid D. Purchase of inventory on credit
Business
If Xerox Corporation defined its scope of business as "making copying equipment," it can be classified as a marketing definition
Indicate whether the statement is true or false
Business