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Brian Lee is a young entrepreneur preparing to start a company that will sell floating lounge chairs for use in private pools. As part
Brian Lee is a young entrepreneur preparing to start a company that will sell floating lounge chairs for use in private pools. As part of a loan package, the bank has asked him to prepare a business plan that includes a breakeven analysis. The lounge chairs will sell for $59 each and variable costs per unit are expected to be $34. Brian anticipates incurring $604,000 in fixed costs per year. (a) What is the expected contribution margin per lounge chair? Contribution margin $ per chair
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