Answered step by step
Verified Expert Solution
Question
1 Approved Answer
9. Profit formula is: a. Profit=(CM ratio) x (Sales)-(Fixed expenses) b. Profit=(Sales-Variable expenses)-Fixed expenses c. Profit (Contribution margin/Sales)x Sales-Fixed expenses d. All of them
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Principles Of Accounting Volume 1 Financial Accounting
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
1st Edition
1593995946, 978-1593995942
