Question: General accounting question EchoTech Industries has a contribution margin ratio of 40% and currently earns net income of $120,000 on sales of $600,000. The company

General accounting question

EchoTech Industries has a contribution margin ratio of 40% and currently earns net income of $120,000 on sales of $600,000. The company is considering increasing its sales by $150,000 through additional marketing efforts. Assuming fixed costs remain unchanged, by how much will net income increase if sales increase by $150,000

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