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You exchanged $1,000 to 105,000 for a trip to Japan.During your stay,you spent 50,000.Also,during this period the dollar weakened against the yen to 100 to a dollar.On your return,you went to the bank to exchange the remaining yen.How many dollars did you spend on the trip?
Variable Costs
Costs that change in proportion to the level of goods or services produced by a business.
Expenses
Outflows or using up of assets as part of operations of a business to generate revenue.
Contribution Margin
The difference between sales revenue and variable costs of a product or service, indicating how much revenue contributes toward covering fixed costs and generating profit.
Sales
The total revenue generated from selling goods or services over a specific period of time.
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