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The fixed costs incurred by a small genetics research lab are $211,000 per year. Variable costs are 64% of the annual revenue. If annual revenue
The fixed costs incurred by a small genetics research lab are $211,000 per year. Variable costs are 64% of the annual revenue. If annual revenue is $282,000, the annual profit/loss is most nearly which answer below? Choose the correct answer below. OA. 153,272 OB. -131,376 OC. -65,688 OD. -109,480 Step by Step Solution
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Engineering Economy
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
15th edition
132554909, 978-0132554909
