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5.32 CVP relation and profit planning, contribution margin ratio approach CVP relation and profit planning, contribution margin ratio approach (LO1, LO2). Gina Matheson owns and

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5.32 CVP relation and profit planning, contribution margin ratio approach CVP relation and profit planning, contribution margin ratio approach (LO1, LO2). Gina Matheson owns and operates a successful florist shop in Bloomington, Indiana. Gina estimates that her variable costs are $0.25 per sales dollar (i.e., variable costs represent 25% of revenue) and that her fixed costs amount to $6,000 per month Required: a. Express Gina's monthly profit before taxes in terms of revenue. = x Revenue)- $ (Note: given the absence of unit-level data, you will need to express Gina's monthly profit in terms of revenue.) b. How much revenue does Gina need to generate each month to break even? $ c. How much profit would Gina earn if her revenues were $10,000 per month? $

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