You have been provided with the following information: Total...
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Accounting
You have been provided with the following information:
| Total | ||
| Sales | $ | 70,000 |
| Less variable expenses | 45,000 | |
| Contribution margin | 25,000 | |
| Less fixed expenses | 15,000 | |
| Operating profit | $ | 10,000 |
If sales increase by 20%, what level of fixed costs will yield a 30% increase in profits?
$10,500.
$17,000.
$6,000.
$18,000.
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