Assume the following (1) contribution margin = $150,000 (2) net operating income = $15,000, and...
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Accounting
Assume the following (1) contribution margin = $150,000 (2) net operating income = $15,000, and (3) sales increase by 10%. Given these three assumptions, net operating income will increase by:
Multiple Choice
100%.
1%.
10%.
15%.
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