Asked by
Joella Najarro
on Oct 11, 2024
Verified
Contribution margin and gross margin mean the same thing.
Gross Margin
The difference between revenue and cost of goods sold, divided by revenue, representing the percentage of each dollar of revenue that the company retains as gross profit.
- Comprehend the principles of a contribution format income statement and its application in internal strategy formulation and decision processes.
Verified Answer
AB
Learning Objectives
- Comprehend the principles of a contribution format income statement and its application in internal strategy formulation and decision processes.
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