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An entertainment company has a net income goal of $19,000/Month. Sales are currently $600,000 annually and fixed costs run $95,000 each year. The company has
An entertainment company has a net income goal of $19,000/Month. Sales are currently $600,000 annually and fixed costs run $95,000 each year. The company has just launched a new brand campaign that is expected to cost $9,000 monthly and bring in an additional 20% in annual sales. After the launch of the brand campaign, what contribution margin per cent is required to hit the company's income goal
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