Brownstone Companys contribution margin ratio is 30%. If Brownstones sales revenue is $100 greater than its break-even

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Brownstone Company’s contribution margin ratio is 30%. If Brownstone’s sales revenue is $100 greater than its break-even sales in dollars, its net income:

(a) will be $100.

(b) will be $70.

(c) will be $30.

(d) cannot be determined without knowing fixed costs.

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Related Book For  book-img-for-question

Financial And Managerial Accounting

ISBN: 9781118004234

1st Edition

Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt

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