Master Wood Carvers, Inc. currently has $134,000 of sales and net income of $15,600. The firm is expecting sales growth of 6% next year. Costs are a constant percentage of sales. What is the
Projected net income for next year?
A) $15,600
B) $16,536
C) $16,708
D) $18,860
E) $23,100
Correct Answer:
Verified
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