Diamond Walker sells homemade knit scarves for $25 each at local craft shows. Her contribution margin ratio

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Diamond Walker sells homemade knit scarves for $25 each at local craft shows. Her contribution margin ratio is 60%. Currently, the craft show entrance fees cost Diamond $1,500 per year. The craft shows are raising their entrance fees by 25% next year. How many extra scarves will Diamond have to sell next year just to pay for rising entrance fee costs?

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Managerial Accounting

ISBN: 9780137858514

7th Edition

Authors: Karen W. Braun, Wendy M. Tietz

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