Need help figuring out part 2 of following question; I tried calculating it in excel but another student got a different answer, so I'm wrong. "If the company wishes to increase its total dollar contribution margin by 30% in 2020, by how much will it need to increase its sales if selling price per unit, variable price per unit and total fixed costs remain constant? total increase in sales required: ???"
Need help figuring out part 2 of following question; I tried calculating it in excel but another student got a different answer, so I'm wrong. "If the company wishes to increase its total dollar contribution margin by 30% in 2020, by how much will it need to increase its sales if selling price per unit, variable price per unit and total fixed costs remain constant? total increase in sales required: ???"
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Need help figuring out part 2 of following question; I tried calculating it in excel but another student got a different answer, so I'm wrong.
"If the company wishes to increase its total dollar contribution margin by 30% in 2020, by how much will it need to increase its sales if selling price per unit, variable price per unit and total fixed costs remain constant?
total increase in sales required: ???"
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