Please solve this prolem #3
The net profits of a company for the stated years were as follows:
Sales $100,000 (2004) 200,000 (2005)
Costs $70,000 (2004) 120,000 (2005)
Calculate the expected net profit for 2006 based on budgeted sales of USD. 300,000. You are required to make a presumption in answering this question.
The net profits of a company for the stated years were as follows:
Sales $100,000 (2004) 200,000 (2005)
Costs $70,000 (2004) 120,000 (2005)
Calculate the expected net profit for 2006 based on budgeted sales of USD. 300,000. You are required to make a presumption in answering this question.
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