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Determine the formula to complete the net income. Assuming the following given information: No change in selling price; activity volume increases 20%; sales, $54,000; variable
Determine the formula to complete the net income. Assuming the following given information: No change in selling price; activity volume increases 20%;
sales, $54,000; variable expenses, $24,000; fixed expenses, $24,000; net income, $6,000.
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