Which of the following statements regarding contribution margin is correct? Select one: a. A decline...
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Accounting
Which of the following statements regarding contribution margin is correct?
Select one:
a. A decline in total sales will reduce the contribution margin.
b. An increase in contribution margin will negatively affect net profit margin.
c. Contribution margin is equivalent to revenue less cost of sales.
d. Reducing variable costs while maintaining the sales price will improve contribution margin.
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