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Jamie's company has been operating for 2 years. In year 1 he achieved revenue of $45,000, Total contribution margin was 45% of revenue, and operating
Jamie's company has been operating for 2 years. In year 1 he achieved revenue of $45,000, Total contribution margin was 45% of revenue, and operating profit was $2,000. In year 2 , revenue increased by 5%, contribution margin decreased by 2% over the previous year's dollar amount, and operating profit stayed the same. Which of the following statement(s) is true? Fixed Costs decreased by 2.2% from year 1 to year 2 . Revenue in Year 2 is $47,250 Variable Costs in year 2 is $27,405 All of the statements above are true
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