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Please write down clear explanations 2. Adams Company sells a single product. The product sells for $100 per unit. The company's variable expenses are 80%

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2. Adams Company sells a single product. The product sells for $100 per unit. The company's variable expenses are 80% of sales and its fixed expenses total $150,000 per year. (5 marks) Part (a) What is the company's contribution margin ratio? Part (b) What is the company's break-even point? (Give answer in dollars and in units.)

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