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You have been provided with the following information: Total Sales $ 90,000 Less variable expenses 54,000 Contribution margin 36,000 Less fixed expenses 24,000 Operating profit
You have been provided with the following information:
| Total | ||
| Sales | $ | 90,000 |
| Less variable expenses | 54,000 | |
| Contribution margin | 36,000 | |
| Less fixed expenses | 24,000 | |
| Operating profit | $ | 12,000 |
If sales increase by 10%, what level of fixed costs will yield a 20% increase in profits?
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Auditing The Risk Management Process
Authors: K. H. Spencer Pickett
1st Edition
0471690538, 978-0471690535
