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You were asked to cater a buffet for 70 people at $18 per person, your variable costs average 68 percent, and fixed costs are $100
You were asked to cater a buffet for 70 people at $18 per person, your variable costs average 68 percent, and fixed costs are $100 per day. Determine your contribution margin and operating income or loss and whether you will accept or reject the proposal.
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