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Accounting

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Question 6 (3.33 points) What is the budgeted net profit goal for 204? (Use the following data to answer this question) Other Budget Data for 20x4: 1. Minimum return on investment goal is 20% 2. Anticipated increase in fixed operating expenses for the budgeted period is $20,000. 3. Labor is to decrease by 5% of earnings. 4. No other changes to cost structure. 5. No planned changes in operating or project policy. 6. Maximum company market share is $2,000,000. 7. Bonding capacity is $1,500,000. A) $30,000 B) $20,000 C) $40,000 D) $10,000

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