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Can you please solve problem 25 required 1-5 with a detailed explantation? thank you! (CM-Contribution margin, CMR-contribution margin ratio) TV Assume I $20,000, and that
Can you please solve problem 25 required 1-5 with a detailed explantation? thank you! (CM-Contribution margin, CMR-contribution margin ratio)
TV Assume I $20,000, and that US Problem 25 downtown the caf close to state capito. Dylan Raymond owns a lunch-on. structure is as follows: Monthly fixed costs = $30,000 Variable costs/meal sold = $4 Average selling price = $12 Average tax rate = 25% Required: 1. What is the caf's CM? 2. What is the caf's CMR? 3. What is the monthly breakeven point in meals sold? 4If Dylan desires . his caf to make a monthly profit of $5,000, what must be its a pretax income? b. total revenue? 5. When the caf makes a monthly profit of $5,000, what is its margin of safetyStep by Step Solution
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