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Question 3 (8 points) We obtained the following information for this year. Sales $20,000 Variable costs 7,000 Fixed costs 5,000 Operating income $8,000 If sales
Question 3 (8 points) We obtained the following information for this year. Sales $20,000 Variable costs 7,000 Fixed costs 5,000 Operating income $8,000 If sales is expected to increase by 20% next year, calculate; Please show your calculation and label your numbers. 1- Expected Sales for next year. 2- Expected variable costs for next year. 3- Expected fixed costs for next year. 3- Expected operating income for next year
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