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wedding project sells engagement rings and we are informed of the following figueres: coverage rate 4 0 % , fixed costs 4 0 million, variable
wedding project sells engagement rings and we are informed of the following figueres: coverage rate fixed costs million, variable ubit costs $ turnover million.
A calculate the average price of the engagement rings sold by the company.
B what is the company break even turnover?
C calculate the company safety margin in present and give an explanation for this.
D how much must turnover increasse in order for wedding project to have profit of million?
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Step: 1
A To calculate the average price of the engagement rings sold by the company we need to divide the turnover by the number of engagement rings sold Ave...Get Instant Access to Expert-Tailored Solutions
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Step: 2
Step: 3
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