Ruth's Puppy Parlocis a pet grooming parlor and boutique. Ruth sells personalized puppy blankets at $25 each. Her contribution margin is 56. If Ruth has an additional $150 in blanket sales, how much will her profit increase? 0:56 O $150 O $36 O $72

SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter11: Individuals As Employees And Proprietors
Section: Chapter Questions
Problem 8CE
icon
Related questions
Question
Ruth's Puppy Parloc is a pet grooming parlor and boutique. Ruth sells personalized puppy blankets at $25 each. Her contribution
margin is $6. If Ruth has an additional $150 in blanket sales, how much will her profit increase?
0 56
$150
O $36
O $72
Transcribed Image Text:Ruth's Puppy Parloc is a pet grooming parlor and boutique. Ruth sells personalized puppy blankets at $25 each. Her contribution margin is $6. If Ruth has an additional $150 in blanket sales, how much will her profit increase? 0 56 $150 O $36 O $72
Expert Solution
steps

Step by step

Solved in 3 steps with 2 images

Blurred answer
Knowledge Booster
Gift Taxes
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
SWFT Essntl Tax Individ/Bus Entities 2020
SWFT Essntl Tax Individ/Bus Entities 2020
Accounting
ISBN:
9780357391266
Author:
Nellen
Publisher:
Cengage
Individual Income Taxes
Individual Income Taxes
Accounting
ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT
SWFT Comprehensive Volume 2019
SWFT Comprehensive Volume 2019
Accounting
ISBN:
9780357233306
Author:
Maloney
Publisher:
Cengage
SWFT Comprehensive Vol 2020
SWFT Comprehensive Vol 2020
Accounting
ISBN:
9780357391723
Author:
Maloney
Publisher:
Cengage