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Operating results for Gandalf Company during 2022 are as follows: Sales $500,000 Variable costs $250.000 $250.000 Contribution margin Fixed costs $100,000 Net income $150.000 y
Operating results for Gandalf Company during 2022 are as follows: Sales $500,000 Variable costs $250.000 $250.000 Contribution margin Fixed costs $100,000 Net income $150.000 y Gandalf would maintain the same selling price of products while selling 10% more in quantities and making additional advertising expenditures of $40,000, what would be the effect on the Gandalt's net income? (anore income taxes in your calculations.) Net income would increase by $10,000 Net income would decrease by $10,000. Net income would increase by $15,000. Net income would decrease by $15,000. O
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