Margin Plate is the outboard strake of the inner bottom and when turned down at the bilge the margin plate (or girder) forms the outer boundary of the double bottom. Midship Section is the cross section through the ship, midway between the forward and after perpendiculars. What is deck line?Read More →
The acceptable margin of error usually falls between 4% and 8% at the 95% confidence level. While getting a narrow margin of error is quite important, the real trick of the trade is getting that perfectly representative sample. What does a margin of error tell us? Margin of errors, inRead More →
Net Sales – Variable Costs = Contribution Margin. (Product Revenue – Product Variable Costs) / Units Sold = Contribution Margin Per Unit. Contribution Margin Per Unit / Sales Price Per Unit = Contribution Margin Ratio. Is contribution margin always a percentage? Contribution margin is the revenue remaining after subtracting theRead More →