5. During the last 20 years of operations, Lum and Young Farms have achieved an average...
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5. During the last 20 years of operations, Lum and Young Farms have achieved an average contribution margin ratio of 35%. This year, sales revenue is estimated to be $600,000, yielding a profit of $55,000. How much are fixed costs for the farms? a. $155,000. b. $204,500. c. $160,000 d. $545,000 5. During the last 20 years of operations, Lum and Young Farms have achieved an average contribution margin ratio of 35%. This year, sales revenue is estimated to be $600,000, yielding a profit of $55,000. How much are fixed costs for the farms? a. $155,000. b. $204,500. c. $160,000 d. $545,000
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Related Book For
Managerial Economics
ISBN: 978-1118808948
8th edition
Authors: William F. Samuelson, Stephen G. Marks
Posted Date:
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