Question
A firm's products have an average contribution margin ratio of 40%, which will be maintained for the next month even though fixed expenses are expected
A firm's products have an average contribution margin ratio of 40%, which will be maintained for the next month even though fixed expenses are expected to rise by $20,000. In order to keep operating income for the month from being affected, revenues will have to increase by:
Multiple Choice
- $8,000.
- $12,000.
- $20,000.
- $50,000.
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Fundamentals Of Strategy
Authors: Gerry Johnson, Kevan Scholes, Richard Whittington
2nd Edition
0273713108, 9780273713104
