A cement manufacturer has supplied the following data: Tons of cement produced and sold 230,000 Sales revenue $ 934,000 Variable manufacturing expense $ 285,000 Fixed manufacturing expense $ 286,000 Variable selling and administrative expense $ 135,300 Fixed selling and administrative expense $ 84,000 Net operating income $ 143,700 The company's contribution margin ratio is closest to:

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20

answer///video, because samuel can show his work in real time and be better understood;

answer the amount a seller is paid minus the cost of production;