Question
a. Imelda Company budgets sales of $750,000, fixed costs of $54,000, and variable costs of $240,000. What is the contribution margin ratio for Imelda Company?
a. Imelda Company budgets sales of $750,000, fixed costs of $54,000, and variable costs of $240,000. What is the contribution margin ratio for Imelda Company? (Enter your answer as a whole number.)
b. If the contribution margin ratio for Peppa Company is 62%, sales were $518,000, and fixed costs were $253,720, what was the income from operations?
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Valuation Measuring And Managing The Value Of Companies
Authors: McKinsey & Company Inc., Tom Copeland, Tim Koller, Jack Murrin
3rd Edition
0471361909, 978-0471361909
