To create a common-size income statement for a firm one would typically divide each time on the income statement by:

Correspondence analysis is an explanatory data analysis technique that is not suitable for hypothesis testing

Indicate whether the statement is true or false

If the sales price per unit decreases and variable costs remain the same, what will be the effect on

the contribution margin ratio? A) It is impossible to determine with the given information. B) It will remain the same. C) It will increase. D) It will decrease.