Fresno Salads has current sales of $4,900 and a profit margin of 6.5 percent. The firm estimates that sales will increase by 5 percent next year and that all costs will vary in direct relationship to sales. What is the pro forma net income?
A. $303.33
B. $327.18
C. $334.43
D. $338.70
E. $341.10
Ans: C. $334.43
Business
You might also like to view...
Customs and trade usage can override the express provisions of a contract
Indicate whether the statement is true or false
Business
A leader who asks for input and solutions from employees is demonstrating which method of successful leadership?
a. investing in people c. asking questions b. setting a good example d. communicating effectively
Business