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Rapid Auto has over 200 auto-maintenance service outlets nationwide. It provides primarily two lines of service: oil changes and brake repair. Oil change-related services represent 65% of its sales and provide a contribution margin ratio of 20%. Brake repair represents 35% of its sales and provides a 60% contribution margin ratio. The company's fixed costs are $16,000,000 (that is, $80,000 per service outlet).
Instructions EXCEL
(a) Calculate the dollar amount of each type of service that the company must provide in order to break even.
Evaluate Nancy's calculation of the adjusted basis for her Rose stock. How would your answer change if Nancy purchased thereplacement stock on July 15 rather than on May 31?
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background informationchris white was a forestry technician who had been searching for several years for a business
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