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Stone Corp sells large polished stones. The firm pays fixed salaries of $220,000 per year. They sell stones for an average price of $22 per
Stone Corp sells large polished stones. The firm pays fixed salaries of $220,000 per year. They sell stones for an average price of $22 per stone and their variable costs are $8 per stone and have annual depreciation expense of $27,000 per year.
Given this info, what is the contribution margin for Stone Corp?
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$220,000
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$30
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$247,121
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$14
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