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A company has the following financial information: • Contribution Margin: $15,000 Operating Income: $7,500 If sales volume increases by 20.5%, by what percentage will operating income increase?

A company has the following financial information: • Contribution Margin: $15,000 Operating Income: $7,500 If sales volume increases by 20.5%, by what percentage will operating income increase?

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 4MC: A companys contribution margin per unit is $25. It the company increases its activity level from 200...
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hello teacher please help me accounting question

A company has the following financial information: • Contribution Margin: $15,000 Operating Income: $7,500 If sales volume increases by 20.5%, by what percentage will operating income increase?
Transcribed Image Text:A company has the following financial information: • Contribution Margin: $15,000 Operating Income: $7,500 If sales volume increases by 20.5%, by what percentage will operating income increase?
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