Business/Professional Ethics Directors/Executives/Acct
8th Edition
ISBN: 9781337485913
Author: BROOKS
Publisher: Cengage
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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.
The Patidar Group manufactures and sells a single product, Product T. Budgeted sales for June are $450,000. Gross Margin is budgeted at 35% of sales dollars. If the net income for June is budgeted at $62,500, the budgeted selling and administrative expenses are? HELP
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