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A recent income statement of Nixon Corporation reported the following data: Sales revenue $5,000,000 Variable costs 3,000,000 Fixed costs 1,600,000 If these data are
A recent income statement of Nixon Corporation reported the following data: Sales revenue $5,000,000 Variable costs 3,000,000 Fixed costs 1,600,000 If these data are based on the sale of 10,000 units, the contribution margin ratio would be: Select one: a.460 b.140 c.0.40 d.200 12
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
14th edition
130565353X, 978-1305887510, 1305887514, 978-1305653535
