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From the income statement below, what could be a reason for Net Income to increase if everything else remains the same? Income Statement $15,000 Net
From the income statement below, what could be a reason for "Net Income" to increase if everything else remains the same?
Income Statement
$15,000 Net Sales
$ 4,500 Cost of Goods Sold
$10,500 Gross Profit
$ 3,500 Operating Expense
$ 7,000 Net Income Before Tax
$ X,XXX Income Tax @ 25%
$ X,XXX Net Income (Loss)
Increase in income tax | ||
Decrease in gross profit | ||
Decrease in operating expense | ||
Increase in cost of goods sold (COGS) |
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