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assume the following (1) contribution margin = $150,000 (2) net operating come = $15,000, and (3) sales increase by 19%. Given these three ssumptions, net operating income will increase by: Multiple Choice O о O 2%. 190%. 19%. ON

assume the following (1) contribution margin = $150,000 (2) net operating come = $15,000, and (3) sales increase by 19%. Given these three ssumptions, net operating income will increase by: Multiple Choice O о O 2%. 190%. 19%. ON

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Assume the following (1) contribution margin = $150,000 (2) net operating income = $15,000, and (3) sales increase by 19%. Given these three assumptions, net operating income will increase by: Multiple Choice о O O O 2%. 190%. 19%. 8%.
Transcribed Image Text:Assume the following (1) contribution margin = $150,000 (2) net operating income = $15,000, and (3) sales increase by 19%. Given these three assumptions, net operating income will increase by: Multiple Choice о O O O 2%. 190%. 19%. 8%.
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