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Apple prepared the following projected income statement information for 2016: Contribution margin .............. $900,000 Fixed costs ...................... 780,000 Net income ....................... 120,000 Assume that actual
Apple prepared the following projected income statement information for 2016:
Contribution margin .............. $900,000 Fixed costs ...................... 780,000 Net income ....................... 120,000
Assume that actual sales in 2016 were 30% higher than projected.
Calculate the net income earned by Apple for 2016
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Internal Auditing: Principles And Techniques
Authors: Richard L. Ratliff, W. Wallace, Walter B. Mcfarland, J. Loeboecke
1st Edition
0894131672, 978-0894131677
