The sales and marginal costs vary directly with the number of units sold or produced. So, the difference between sales and marginal cost, i.e. Contribution, will bear a relation to sales and the ratio of contribution to sales remains constant at all levels. This is profit volume or P/V ratio. Thus, p/v ratio = contribution … Read more

If you're between the ages of 9-16, and you don't have a cell phone, chances are you want one. Here's a quick guide to accomplish the task of getting your own. And the other is either neutral or on your side. If one is neutral, then get them on your side. Don't wait until they … Read more