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Use the following setup for question
A firm's fixed costs are $10 million.It sets the price at $1800 per unit and has marginal costs of $1,000.
-What's the firm's contribution margin per unit?
Promissory Note
A financial document in which one party promises in writing to pay a determinate sum of money to the other, either at a fixed or determinable future time or on demand of the payee, under specific terms.
Accrued Interest
The interest that has accumulated on a debt over a period of time but has not yet been paid.
Promissory Note
A financial instrument containing a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.
Net Credit Sales
The total value of sales made on credit minus any returns or allowances.
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