Laredo, Inc. has a contribution margin ratio of 55%. This month, sales revenue was $186,000, and profit was $28,000. If sales revenue increases by $45,000, by how much will profit increase? Multiple Choice $1,540 $5,500 $21,950 $24,750 O O O O

Laredo, Inc. has a contribution margin ratio of 55%. This month, sales revenue was $186,000, and profit was $28,000. If sales revenue increases by $45,000, by how much will profit increase? Multiple Choice $1,540 $5,500 $21,950 $24,750 O O O O

Name: Laredo, Inc. has a contribution margin ratio of 55%. This month, sale
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Description: Laredo, Inc. has a contribution margin ratio of 55%. This month, sales revenue was $186,000, and profit was $28,000. If sales revenue increases by $45,000, by how much will profit increase?Multiple Choice$1,540$5,500$21,950$24,750

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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