Multiple Choice
A forecast using a percentage of sales model expects sales to increase by 5% annually over the next 4 years.If costs are proportional to sales at 80%,and last year's sales were $1,000,the net income in the fourth year will be:
A) $48.62.
B) $145.86.
C) $227.60.
D) $243.10.
Correct Answer:
Verified
Correct Answer:
Verified
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