Last month when holiday creations, inc., sold 44,000 units, total sales were $302,000, total variable expenses were $232,540, and fixed expenses were $35,800. required: 1. what is the company’s contribution margin (cm) ratio? 2. what is the estimated change in the company’s net operating income if it can increase total sales by $1,200? (do not round intermediate calculations.)

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; the nav calculated at the market close at 4: 00 pm new york time;