It should be noted that the contribution margin is first used to cover fixed expenses.
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What is contribution margin?</h3>
The contribution margin simply shows you the aggregate amount of revenue that is available after variable costs to cover fixed expenses.
Contribution margin is first used to cover fixed expenses. Once the break-even point has been reached, the contribution margin becomes profit.
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Answer:
Utilizing his saving as a down payment and buying the car using an auto loan.
Explanation:
Answer:
1 and 3 or A and C
Explanation:
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