Question
Last year Lovelace Hardware Store, an independent hardware store in Ocean Springs, Mississippi, decided to start selling kayaks, Below is some important information related to
Last year Lovelace Hardware Store, an independent hardware store in Ocean Springs, Mississippi, decided to start selling kayaks, Below is some important information related to their sales. Fixed costs for selling kayaks (storage, staff, etc.)=$900 per year Price to buy one kayak at Lovelace=$605 Average # of kayaks sold per month last year=4 Wholesale price of kayaks=$410 per kayaks What is the total contribution margin ($) that Lovelace received for kayaks last year? (Note: Use two decimal places. The unit is $ or %. ) Your Answer: Question 3 options: Answer/units
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