Brownstone Companys contribution margin ratio is 30%. If Brownstones sales revenue is $100 greater than its break-even
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Brownstone Company’s contribution margin ratio is 30%. If Brownstone’s sales revenue is $100 greater than its break-even sales in dollars, its net income:
(a) will be $100.
(b) will be $70.
(c) will be $30.
(d) cannot be determined without knowing fixed costs.
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Related Book For
Accounting Tools For Business Decision Making
ISBN: 9781118771112
5th Edition
Authors: Kimmel, Wetlands, Kieso
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