Question
QUESTION 3 If a company's contribution margin ratio is 20%, total expenses are 80% of sales. with a 20% increase in sales, net income will
QUESTION 3
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If a company's contribution margin ratio is 20%,
total expenses are 80% of sales.
with a 20% increase in sales, net income will go up by 20%.
net income is 20% of sales.
variable expenses are 80% of sales.
contribution margin is 80% of sales.
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The Politics Of Internal Auditing
Authors: Dr. Larry Rittenberg, Patty Miller
1st Edition
0894139053, 978-0894139055
