In Dancing Trout restaurant in New Westminster, the total annual sales in 2022 were $334,472, and the profit was quite good at $56,000. If we know that the contribution in this restaurant was .56, what were the fixed costs in 2023? Hint: you can first use the sales required for profit formula, but rearrange it so that the fixed costs are on one side of the equation. Round all calculations to two decimal places unless they naturally round up to one decimal place or a whole number

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To solve this problem we need to use the sales required for profit formula and rearrange it to find ... View the full answer