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Current year sales are $850,000, and total expenses are $812,000. If sales are forecasted to increase 11% next year, and all expenses vary proportionally with
Current year sales are $850,000, and total expenses are $812,000. If sales are forecasted to increase 11% next year, and all expenses vary proportionally with sales, what is forecasted net income next year?
A.) $38,000
B.) $42,180
C.) $901,320
D.) $943,500
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