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Bear Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales $60,000 Variable $42,000 Expenses
Bear Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales $60,000 Variable $42,000 Expenses Contribution $18,000 Margin Fixed Expenses $13,200 Net Operating Income $4,800 Based upon the Degree of Operating Leverage, what will be the company's new net income as a result of a 10% increase in sales? O $5,200 O $66,000 CO None of the other answers are correct $4,800 $6,60
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