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Mount St. Joseph University - ACCT 200
1)Kamal Fatehl, production manager of Kennesaw Manufacturing, finds his profit at $ 15,000 ( as shown in the state-ment below)— inadequate for expanding his business. The bank is insisting on an improved profit picture prior to approval of a loan for some new equipment. Kamal would like to improve the profit line to $ 25,000 so he can obtain the bank’s approval for the loan.
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