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Operations of Traveler Company for the year produced an M/S ratio of 20% and a...

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Accounting

Operations of Traveler Company for the year produced an M/S ratio of 20% and a C/M ratio of 60%. Fixed cost amounted to $30,000.

Required: Compute and interpret the following: (1) Break-even sales (2) The amount of profit (3) The contribution margin

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