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Budgeted sales for 2nd quarter are $120,000. Cost of goods sold is estimated at 55% of Sales. Selling and admin expenses are $30,000 including $6,000
Budgeted sales for 2nd quarter are $120,000. Cost of goods sold is estimated at 55% of Sales. Selling and admin expenses are $30,000 including $6,000 of depreciation. Calculate budgeted net income.
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