Abby Cleaning Service had the following information for the 200 customers served this month: Sales Revenue $20,000 Variable Costs 8,000 What is the contribution margin ratio?

= 60%

Explanation:

Contribution ratio represents the marginal benefits of producing an extra unit. It is calculated by the formula.

CM ration= Contribution margin/ sales revenue

Contribution margin = sales - varible costs

therefore contribution margin ratio= sales -revenue/ sales x 100

=$20,000 - $ 8000/ 20,000 x 100

= 12000/20000 x 100

=0.6 x 100

= 60%

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.