Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pit Stop's Young Families customers generate annual margin for the company of $306 each. These customers order from the company an average of 1.9 times

Pit Stop's "Young Families" customers generate annual margin for the company of $306 each. These customers order from the company an average of 1.9 times per year, and they order merchandise where contribution margin as a percent of revenue averages 45%. What is the average order size in dollars for one of these "Young Families" customers? (Rounding: nearest penny.)

show step by step how you got the answer.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

Describe the four components of emotional intelligence.

Answered: 1 week ago