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What is the expected contribution margin per lounge chair

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Reference no: EM133096022

Question - Michael Jones is a young entrepreneur preparing to start a company that will sell floating lounge chairs for use in private pools. As part of a loan package, the bank has asked him to prepare a business plan that includes a breakeven analysis. The lounge chairs will sell for $60 each and variable costs per unit are expected to be $40. Michael anticipates incurring $588,000 in fixed costs per year. What is the expected contribution margin per lounge chair?

Reference no: EM133096022

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