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Carmon Company is considering the addition of a new product to its cosmetics line. The company has three distinctly different options: a skin cream, a
Carmon Company is considering the addition of a new product to its cosmetics line. The company has three distinctly different options: a skin cream, a bath oil, or a hair coloring gel. Relevant information and budgeted annual income statements for each of the products follow. Required: a. Determine the margin of safety as a percentage for each product. (Round your answers to nearest whole percent.) b. Prepare revised income statements for each product, assuming a 20 percent increase in the budgeted sales volume
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