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Berman & Jaccor Corporation's current sales and partial balance sheet are shown below.
This yearSales $ 1,000
Balance Sheet:
Assets Cash $ 200 Short-term investments $ 135 Accounts receivable $ 150 Inventories $ 150 Total current assets $ 635 Net fixed assets $ 550 Total assets $ 1,185
Problem 1: Sales are expected to grow by 12% next year. Assuming no change in operations from this year to next year, what are the projected total operating assets? Do not round intermediate calculations. Round your answer to the nearest dollar.
Determine the variances, Materials price and Materials quantity and Net materials variance
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