Business, 07.06.2020 04:00 sade20

Pankey Inc. has a $700,000 investment opportunity that would involve sales of $1,050,000, a contribution margin ratio of 40% of sales, and fixed expenses of $325,500. The company's minimum required rate of return is 18%. The residual income for this year's investment opportunity is closest to:

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Pankey Inc. has a $700,000 investment opportunity that would involve sales of $1,050,000, a contribu...

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