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A forecast using a percentage of sales model expects sales to increase by 5% over each of the next four years. If costs are proportional
A forecast using a percentage of sales model expects sales to increase by 5% over each of the next four years. If costs are proportional to sales at 80%, and last year's sales were $1,000, the net income in the fourth year will be:
Select one: a. $243.10 b. $145.86 c. $227.60 d. $48.62
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