INTERMEDIATE ACCOUNTING (LCPO)
10th Edition
ISBN: 9781264473441
Author: SPICELAND
Publisher: MCG
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Company C sets price equal to cost plus 45%. Recently, Company C charged a customer a price of $87 for an item. What was the cost of the item to Company C?
Kraft's contribution margin is 35%. The company is contemplating an advertising campaign that will cost $18,450. If sales are expected to increase $72,800, by how much will the company's net income increase?
Please provide the answer to this general accounting question using the right approach.
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