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A Lot of Wine is trying to determine how much an imported wine contributes towards...

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Accounting

  1. 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?
  1. 35%
  2. 50%
  3. 45%
  4. 100%

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