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Last year Cleveland Company sold 4,000 units of a product that had a variable cost per unit of $3 and fixed costs per unit of
Last year Cleveland Company sold 4,000 units of a product that had a variable cost per unit of $3 and fixed costs per unit of $2 at this level of production. Clevelands profit per unit sold last year was $1.00. If Cleveland can raise its total sales this year to 5,000 units, how much net income could the company expect?
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