A Lot of Wine is trying to determine how much an imported wine contributes towards...
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Accounting
- A Lot of Wine is trying to determine how much an imported wine contributes towards fixed costs. The wine sells for $38.00 each bottle and Sophia manager, pays $19.00 for each bottle. Sophia pays her employees a commission of 15% of sales. What is the contribution margin ratio for this type of imported wine?
- 35%
- 50%
- 45%
- 100%
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