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Which of the following statements regarding the contribution margin ratio is not true?
a. The contribution margin ratio is equal to the contribution margin per unit divided by the selling price.
b. The contribution margin ratio is the amount of each sales dollar that goes toward covering fixed costs and generating a profit.
c. The contribution margin ratio is equal to variable cost per unit divided by fixed cost per unit.
d. The contribution margin ratio is useful when companies that sell a variety of products calculate break-even point.
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Discuss the differences between a probability and a non-probability sample. Under what circumstances would each be used?
It is illegal for a government to spend money for any purpose unless a valid appropriation for that purpose exists. Does this legal rule assure good financial management for each government? Why or why not?
On December 31, 2013, the child crisis center establishes an endowment fund with a $5 million gift of securities. Income from the endowment is to be used exclsuively to support a nutrition program.
When the market value of an investment in debt securities exceeds its carrying amount, how should the asset be reported at the end of the year for each of the following?
The following data pertain to three divisions of Nevada Aggregates, Inc. The company's required rate of return on invested capital is 8 percent.
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Stacy Ann Lynn, the great grand-daughter of the company's founder is the current CEO/President of the company, which is still a family owned business.
A company shows common size comparisons for two years on balance sheets. There is almost a two-fold increase in cash and equivalents, a 3% decrease in inventories, a small decrease in net property and equipment, and a large increase in retained ea..
Polaris Ltd is a public company which is listed on the Australian Securities Exchange and has numerous small shareholders. Polaris Ltd owns 35% of the issued ordinary shares of Beta Ltd. The remaining shares of Beta Ltd are widely distributed among n..
Pirate, Inc. leased equipment from Shoreline Enterprises under a four-year lease requiring equal annual payments of $180,000, with the first payment due at lease inception.
Why is determining cost to manufacture a product quite a different activity from determining how to control such costs?
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