An entertainment company has a net income goal of $19,000/Month. Sales are currently $600,000 annually and fixed costs run $95,000 each year? The company has just launched a new brand campaign that is expected to cost $9,000 monthly and bring in an additional 20% in annual sales. After the launch of the brand campaign, What contribution margin per cent is required to hit the company's income goal?

Answer rating: 100% (QA)

Fixed costs 95000 Brand campaign cost 9000month 108000year Curr... View the full answer