Question
Challenge company has a variable cost of $7 per unit, net income of $4,000 and a contribution margin ration of 20%. Answer the following question
Challenge company has a variable cost of $7 per unit, net income of $4,000 and a contribution margin ration of 20%. Answer the following question assuming the contribution margin is $7,000. By what percent can sales decline and the company still breakeven?
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Certificate Of Cloud Auditing Knowledge Study Guide
Authors: Isaca
1st Edition
1604208619, 978-1604208610
