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Business, 25.04.2020 01:02 sheiladenson3619

Last year, Cayman Corporation had sales of $30,000,000, total variable costs of $13,500,000, and total fixed costs of $5,000,000. In addition, they paid $3,000,000 in interest to bondholders. Cayman has a marginal tax rate of 35 percent. If Cayman's sales increase by 15%, what should be the increase in operating income

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Last year, Cayman Corporation had sales of $30,000,000, total variable costs of $13,500,000, and tot...
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