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Question: Suppose Cape Cod Railway's total revenues are $4, 900,000, its variable costs are $2, 900,000, and its fixed costs are $1, 300,000. Compute the breakeven point in dollars. (Round the contribution margin ratio to the nearest whole percentage.)

a. $410,000

b. $4,200,000

c. $3,170, 732

d. $4,900,000

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M92571810

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