Lawrence Company plans to sell 85000 special commemorative coins with fixed costs of $630000 per...
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Accounting
Lawrence Company plans to sell 85000 special commemorative coins with fixed costs of $630000 per year and variable expenses at 70 percent of sales. 1. What is the contribution margin ratio for Lawrence Company? Type your answer as a decimal (Example, if your answer is 45% type .45)
2. To have a net income of $135000 for the year, Lawrence Company's management must set the per unit sales price at what value?
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