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Fixed Expenses Rent $ 24,000 Salaries $ 40,000 Depreciation $ 13,000 Variable Expenses Cost of Goods Sold 58% of sales Supplies 7% of sales Sales

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Fixed Expenses Rent $ 24,000 Salaries $ 40,000 Depreciation $ 13,000 Variable Expenses Cost of Goods Sold 58% of sales Supplies 7% of sales Sales Commissions 5% of sales 1. What is the company's contribution margin ratio? 2. What is the breakeven point in dollars? 3. if the company wants to earn a profit of $35,000 instead of breaking even, what is the amount of sales or revenue dollars the company must nkin' In!)

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