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Calculate the net income earned by betty derose

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Reference no: EM131201340

Question 5 :

Betty DeRose, Inc. prepared the following projected income statement information for 2011:

Contribution margin    $900,000

Fixed costs                780,000

Net income                120,000

Assume that actual sales in 2011 were 20% higher than projected.

Calculate the net income earned by Betty DeRose, Inc. for 2011. Do not use decimals in your answer.

Reference no: EM131201340

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