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A company manufactures and sells searchlights. Each searchlight sells for $345. The variable cost per unit is $198, and the company's total fixed costs are $635,000. Predicted sales are 15,000 units. What is the contribution margin per unit?
Users Of Credit Reports
Individuals or entities that access and use credit reports for decision-making purposes, such as lenders or employers.
Truth In Lending Act
A U.S. federal law designed to promote informed use of consumer credit by requiring clear disclosure of terms and conditions of lending agreements.
Commercial Use
Refers to the use of a product, service, or property in a business or profit-making activity as opposed to personal, non-commercial purposes.
Open-End Credit Plan
A revolving line of credit that allows a borrower to make purchases or obtain loans up to a certain limit and repay part or all of the balance over time, with interest charges on the unpaid balance.
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