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At a local cafe, the average price per meal sold is $15. The average variable cost is 30% of the price. Fixed costs for May
At a local cafe, the average price per meal sold is $15. The average variable cost is 30% of the price. Fixed costs for May are expected to be $45,000. If the restaurant manager expects to sell 6,000 meals in July. If this projection works out, determine the amount of the taxable income (EBT) of May.
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