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Larrys Lamps sell for $40 each, and have a contribution margin ratio of 30%. Fixed expenses are $25,000. What is closest to the number of
Larrys Lamps sell for $40 each, and have a contribution margin ratio of 30%. Fixed expenses are $25,000. What is closest to the number of lamps that must be sold for a profit of $11,000?
A. 900
B. 1,286
C. 2,084
D. 3,000
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Finance And Accounting For Nonfinancial Managers
Authors: Steven A. Finkler
5th Edition
9780808046905
