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Coffee Klatch is an espresso stand in a downtown office building. The CM Ratio is...

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Accounting

Coffee Klatch is an espresso stand in a downtown office building. The CM Ratio is 85%. The average fixed expense per month is $1,300. An average of 2,100 cups are sold each month. What is the CM for Coffee Klatch if sales for February were $1,750?

a) $187.50

b) 85%

c) $1487.50

d) 1785

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