Question
What does ratio of variable expenses to revenue doubles mean? Am I taking the variable expenses amount and multiplying it by 50%? Then add that
What does "ratio of variable expenses to revenue doubles" mean? Am I taking the variable expenses amount and multiplying it by 50%? Then add that answer to the original amount to get the number the problem wants?
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Finance Applications and Theory
Authors: Marcia Cornett, Troy Adair
3rd edition
1259252221, 007786168X, 9781259252228, 978-0077861681
