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Boundaries, a chain of retail stores, sells books and music CDs. Condensed monthly income data are presented in the following table for November 20x4. (Ignore
Boundaries, a chain of retail stores, sells books and music CDs. Condensed monthly income data are presented in the following table for November 20x4. (Ignore income taxes.)
| Downtown Store | Mall Store | Total | |||||||
| Sales | $ | 257,000 | $ | 394,000 | $ | 651,000 | |||
| Less: Variable expenses | 102,800 | 272,400 | 375,200 | ||||||
| Contribution margin | $ | 154,200 | $ | 121,600 | $ | 275,800 | |||
| Less: Fixed expenses | 65,100 | 137,000 | 202,100 | ||||||
| Operating income | $ | 89,100 | $ | (15,400 | ) | $ | 73,700 | ||
| Additional Information: | |
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Audit Proof Tax Shelters
Authors: Donald Jay Korn
1st Edition
0130509310, 978-0130509314
