________ is 100 percent minus total variable operating costs as a percentage of total sales.
A) Profit margin
B) Contribution margin
C) Expense ratio
D) Fixed coverage ratio
B) Contribution margin
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Adapting and conducting business practices that protect the environment and human and animal rights is specifically a part of corporate social marketing
Indicate whether the statement is true or false
The cost of plant assets is depreciated because the assets provide benefits only in the year of purchase
Indicate whether the statement is true or false
Under GAAP, which of the following is NOT an acceptable method of estimating the amount of bad debt expense at the end of the accounting period?
A) percent-of-receivables B) percent-of-sales C) direct write-off D) aging-of-receivables
In establishing goals and objectives, it is important to:
A. quantify all aspects of the goals. B. limit the number of goals. C. measure it for control purposes. D. set standards that are ideal.