Net operating income
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Information concerning Label Corporation's operations follow:
Sales...$300,000
Variable expenses...$240,000
Fixed expenses...$40,000
Assuming that Label increased sales by 20%, what should net operating income be...choices are?
a. $20,000
b. $24,000
c. $32,000
d. $80,000
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The solution explains the calculation of net operating income.
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The variable cost as a percentage of sales is ...
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