Soft Light Company produces specialty lamps and sells them to retail stores. During the latest year, the

Question:

Soft Light Company produces specialty lamps and sells them to retail stores. During the latest year, the company sold 40,000 lamps at an average price of $70 per lamp. The production and distribution costs per lamp were $25, on average. Other costs for the year were $1,200,000 for management salaries and facilities. Total investment in the company is $3,000,000. How much profit did Soft Light earn for the year? Describe the steps you went through to get your answer.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...