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Which of the following accurately describes the contribution margin percentage? a The dollar amount of contribution margin divided by net income b Variable costs plus
Which of the following accurately describes the contribution margin percentage?
a The dollar amount of contribution margin divided by net income
b Variable costs plus conribution margin divided by total sales.
c The percentage of sales dollars available to cover fixed costs, variable costs, and net income.
d The percentage of sales dollars available to cover fixed costs and net income.
Could you also explain why?
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