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Delivery of goods by time it is contracted to be delivered is known as
Answer & Solution
Correct Answer:
Option
D
Delivery of goods by time it is contracted to be delivered is known as on-time performance. On time performance, sometimes referred to as on time running, is normally expressed as a percentage, with a higher percentage meaning more vehicles are on time.
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Sales (6000 units) 90,000
Less variable expenses 67,500
Contribution margin 22,500
Less fixed expenses 18,000
Net Income 4,500