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Mediocre Company has sales of $120,000, fixed expenses of $24,000, and a net income of...

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Accounting

Mediocre Company has sales of $120,000, fixed expenses of $24,000, and a net income of $12,000. If sales rose 10%, the new net income would be:

A) $16,800

B) $36,000

C) $15,600

D) $13,200

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