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(Solved): Exercise 22 (4 points)A retail trade company budgets for a period with a total sales income (operati ...
Exercise 22 (4 points)
A retail trade company budgets for a period with a total sales income (operating income) of NOK 65,000,000. Total operating costs (fixed and variable costs) are expected to amount to 85% of sales revenue. Budgeted coverage rate is 30%.