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5. During the last 20 years of operations, Lum and Young Farms have achieved an average contribution margin ratio of 35%. This year, sales
5. During the last 20 years of operations, Lum and Young Farms have achieved an average contribution margin ratio of 35%. This year, sales revenue is estimated to be $600,000, yielding a profit of $55,000. How much are fixed costs for the farms? a. $155,000. b. $204,500. c. $160,000 d. $545,000
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Managerial Economics
Authors: William F. Samuelson, Stephen G. Marks
8th edition
1118808940, 978-1119025900, 1119025907, 978-1119025924, 978-1118808948
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