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Maxvill Motors has annual sales of $15,000. Its variable costs equal 60% of its sales, and its

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Maxvill Motors has annual sales of $15,000. Its variable costs equal 60% of its sales, and its fixed costs equal $1,000. If the company's sales increase 10%, what will be the percentage increase in the company's earnings before interest and taxes (EBIT)?
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Sales 15000 Less Variable Costs 60 9000 06x15000 Contribution 6000 ...View the full answer


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