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In the current year, a small Holiday Inn franchise had sales of $1,800,000, fixed costs...

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Accounting

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In the current year, a small Holiday Inn franchise had sales of $1,800,000, fixed costs of $550,000, and total variable costs
of $750,000. Next year, sales are forecast to increase by 25% but costs will remain the same. How much will net income
change (in dollars)?
image

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