Question
Last year, Brown Manufacturing had a contribution margin ratio of 40%. This year, fixed expenses are expected to remain at $50 000 and sales are
Last year, Brown Manufacturing had a contribution margin ratio of 40%. This year, fixed expenses are expected to remain at $50 000 and sales are expected to increase by $90 000. What should the contribution margin ratio be this year if the company wishes to increase net income by $31 500?
| a. | 78.75% |
| b. | 40.00% |
| c. | 35.00% |
| d. | 55.56% |
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Study On The Auditing System Of Socialism With Chinese Characteristics
Authors: Jiayi Liu
1st Edition
111932470X, 978-1119324706
