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A magazine company has the capacity to print and sell 500,000 magazines per month. It...

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Accounting

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A magazine company has the capacity to print and sell 500,000 magazines per month. It sells each magazine for $8.25 each, has fixed costs of $136,000.00 per month, and variable costs of $0.50 per magazine. Calculate the contribution margin ratio. (Round to two decimal places)

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