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Business, 15.08.2020 20:01 xxgissellexx

Canedo Incorporated reported the following results from last year’s operations: Sales $ 9,600,000 Variable expenses 7,170,000 Contribution margin 2,430,000 Fixed expenses 1,470,000 Net operating income $ 960,000 Average operating assets $ 4,000,000 At the beginning of this year, the company has a $700,000 investment opportunity with the following characteristics: Sales $ 2,310,000 Contribution margin ratio 60% of sales Fixed expenses $ 1,201,200 If the company pursues the investment opportunity and otherwise performs the same as last year, the combined turnover for the entire company will be closest to:

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Canedo Incorporated reported the following results from last year’s operations: Sales $ 9,600,000 Va...
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