FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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I won't this question answer general accounting
Transcribed Image Text:Booble, Inc. has a contribution margin ratio of 45%. This
month, sales revenue was $200,000, and profit was
$40,000. If sales revenue increases by $20,000, by how
much will profit increase?
A. $1,800
B. $4,500
C. $5,000
D. $9,000
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- Need helparrow_forwardCompany XYZ is producing and selling 2,500. At this level, the selling price per unit is $10, the variable expenses per ?unit is $6, and fixed expenses are $1,500. How much is the profit $13,500 a O $8,500 .b O $16,000 .c O $11,000 .d O $6,000 .e Oarrow_forward3. A company requires $1,360,000 in sales to meet its net income target. Its contribution margin is 30%, and fixed costs are $240,000. What is the target net income? a. $168,000 b. $408,000 C. $312,000 d. $560,000 4. Housarrow_forward
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