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Weymouth Company made a $230,000 investment in new machinery. Assuming the company's margin is 7%, what income will be earned if the investment generates $495,000 in additional sales? a. $16,100. b. $34,650. c. $265,000. d. None of these.

Weymouth Company made a $230,000 investment in new machinery. Assuming the company's margin is 7%, what income will be earned if the investment generates $495,000 in additional sales? a. $16,100. b. $34,650. c. $265,000. d. None of these.

Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter6: Accounting For Financial Management
Section: Chapter Questions
Problem 11P: The Berndt Corporation expects to have sales of 12 million. Costs other than depreciation are...
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Weymouth Company made a $230,000 investment in new machinery. Assuming the company's margin is 7%, what income will be earned if the investment generates $495,000 in additional sales? a. $16,100. b. $34,650. c. $265,000. d. None of these.
Transcribed Image Text:Weymouth Company made a $230,000 investment in new machinery. Assuming the company's margin is 7%, what income will be earned if the investment generates $495,000 in additional sales? a. $16,100. b. $34,650. c. $265,000. d. None of these.
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