Business, 16.05.2020 08:57 katelynbychurch
Cirone Inc. reported the following results from last year’s operations: Sales $ 9,600,000 Variable expenses 6,810,000 Contribution margin 2,790,000 Fixed expenses 1,926,000 Net operating income $ 864,000 Average operating assets $ 4,000,000 At the beginning of this year, the company has a $1,200,000 investment opportunity with the following characteristics: Sales $ 4,200,000 Contribution margin ratio 30 % of sales Fixed expenses $ 966,000 If the company pursues the investment opportunity and otherwise performs the same as last year, the combined margin for the entire company will be closest to:
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Cirone Inc. reported the following results from last year’s operations: Sales $ 9,600,000 Variable e...
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