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You are the CFO for a big-box retail store and you just completed your annual budget for the upcoming year. Almost immediately something happens that
You are the CFO for a big-box retail store and you just completed your annual budget for the upcoming year. Almost immediately something happens that impacts the entire population creating unprecedented foot traffic into your stores, causing the sales to increase dramatically, far exceeding what you had planned. Which of the following accounts will be impacted by this enormous increase in sales?
A. Net Income
B. Cost of Goods Sold
C. Operating Income
D. Salaries
E. Gross Margin
F. All of the Above
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