Solved: If costs and prices are expected to stay the same in 2015, Business Management

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If costs and prices are expected to stay the same in 2015

Problem: During 2014, Teko Inc. reported revenues of $925,400 and profits of $88,500. Fixed costs were $456,250 and 37,016 units were sold. If costs and prices are expected to stay the same in 2015, and Teko expects to sell 40,000 units, what will be the company's budgeted profit?

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