A company had revenue of $1,500,000 and expenses of $1,200,000 in the current financial year. Calculate the
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A company had revenue of $1,500,000 and expenses of $1,200,000 in the current financial year. Calculate the net income of the company and the percentage of the revenue that is represented by the expenses. Also, if the revenue for the next year is expected to increase by 15%, and expenses are expected to increase by 10%, what will be the projected net income for the next year?
Related Book For
Advanced Financial Accounting
ISBN: 978-0137030385
6th edition
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
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