XYZ Co. has a contribution margin of $450,000 and profit of $150,000. If sales increase 5%,...
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XYZ Co. has a contribution margin of $450,000 and profit of $150,000. If sales increase 5%, by how much will profits increase? a. None of the given answer is correct. b. 15% O C. 90% O d. 30% O e. 60% XYZ Co. has a contribution margin of $450,000 and profit of $150,000. If sales increase 5%, by how much will profits increase? a. None of the given answer is correct. b. 15% O C. 90% O d. 30% O e. 60%
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d 30 EXPLANATIONS The contribution margin is the amount of revenue remaining after variable expenses ... View the full answer
Related Book For
Cost Management Accounting and Control
ISBN: 978-0324559675
6th Edition
Authors: Don R. Hansen, Maryanne M. Mowen, Liming Guan
Posted Date:
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