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6. Lusitania, Inc.'s sales revenue is $1,580,000 and its variable cost of goods sold is 54% of its sales revenue. Lusitania's total general, selling and
6. Lusitania, Inc.'s sales revenue is $1,580,000 and its variable cost of goods sold is 54% of its sales revenue. Lusitania's total general, selling and admin expenses are 64% fixed and its net income is $23,000. Calculate Lusitania's contribution margin (CM) ratio (round to nearest 0.00)
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Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
14th Edition
1260247821, 978-1260247824
