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Please show all steps and calculations. A similar question was posted, but the experts calculations do not add up to their answer. James company reported
Please show all steps and calculations. A similar question was posted, but the experts calculations do not add up to their answer.
James company reported the following for November: Sales $80,000, variable costs $20,000, and fixed costs $40,000. If monthly sales increase 20 percent, profits should increase by:
Select one:
A. 20 percent
B. 60 percent
C. 40 percent
D. 80 percent
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