Question: First substitute the given values into the formula obtained from the inside- back cover. Then manipulate the resulting equation to solve for the unknown variable.

First substitute the given values into the formula obtained from the inside- back cover. Then manipulate the resulting equation to solve for the unknown variable. Obtain dollar amounts accurate to the nearest cent and other quantities to three-figure accuracy.
Formula (5-3) contains three two-letter symbols. Use it to calculate CM if NI = $15,000, X = 5000, and FC = $60,000.

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