3 years ago

What’s the purpose of balancing or monitoring your checking account?

Business

1 answer:

Trava [24]3 years ago

4 0

Making sure you have enough money in your account so as to not bounce a check, also see where and what was paid

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Jensen Company has a contribution margin ratio of 45%. This means that its variable costs are 55% of sales. True False

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Jensen company has a contribution margin ratio of 45%. This means that its variable costs are 55% of sales.

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Contribution margin ratio is the ratio of contribution to sales. Since the contribution margin ratio is 45%, it implies that variable costs are 55% of sales.

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