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The July contribution format income statement of Raiche Corporation appears below: Sales ...... Variable expenses .......... Contribution margin.. Fixed expenses Net operating income. $510,600 255,300
The July contribution format income statement of Raiche Corporation appears below: Sales ...... Variable expenses .......... Contribution margin.. Fixed expenses Net operating income. $510,600 255,300 255,300 217,300 $ 38.000 If the company's sales increase by 5%, its net operating income should increase by about: O 5% O 34% O 7% 67%
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