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30 September, 15:19

Raines company's sales are $750,000 with operating profits of $130,000. if the contribution margin ratio is 40%, what did the fixed costs amount to?

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  1. 30 September, 19:04
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    Raines company's, having reported gross sales of $750,000, with net profits of $130,000, and a 40% contribution margin ratio (equaling $300,000), subsequently had fixed costs of $320,000.
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