Question
Coffee Dromo is a coffee shop in prince Majed Street. The average selling price of a cup of coffee is SR 11.92 and the average
Coffee Dromo is a coffee shop in prince Majed Street. The average selling price of a cup of coffee is SR 11.92 and the average variable expense per cup is SR 2.88. The average fixed expense per month is SR 10,400. 2,100 cups are sold each month on average. What is the CM Ratio for Coffee Dromo?
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856
