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In 2021, Amazon had Sales of $470 Billion and Net Income of $33.3 Billion. In 2022, Amazon had Sales of $514 billion and Net Income
In 2021, Amazon had Sales of $470 Billion and Net Income of $33.3 Billion. In 2022, Amazon had Sales of $514 billion and Net Income of -$2.7 billion. Which of the following is NOT a reasonable explanation for why net income might have decreased even though sales increased? O Inflation caused an increase in cost of goods sold An increase in the minimum wage caused selling, general, and administrative expenses to increase A new president (of the United States) was elected and they lowered the corporate tax rate O The firm increased its debt, which increased its interest expense
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