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Question - Pack bikes sells 120 bicycles each month for $400 per unit. Variable cost per unit is $160 and fixed cost total $4,800 per month. What is the contribution margin ratio?
a. 250%
b. 60%
c. 70%
d. 40%
e. None of these
In personal accounting, you will build a Statement of Net Worth and a Statement of Cash Flows. These look very similar to corporate Balance Sheets.
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The purpose of this assignment is to expose you to the basic process involved in the analysis of the cash flow statement.
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