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Donald Martin is a commercial fisherman, and he has just returned from a trip off the coast of Maine. He has calculated the cost of
Donald Martin is a commercial fisherman, and he has just returned from a trip off the coast of Maine. He has calculated the cost of his catch as follows: $34,400 19.100 7.100 Wages of deckhands Donald's wage Food, medical supplies, etc. Depreciation of netting and other equipment Depreciation of boat Fuel 6,000 13.400 18.400 Total $98,400 Donald's nets yielded a catch of 15,200 pounds of salmon 23,560 pounds of halibut, and 37.240 pounds of flounder. Salmon sells for $10 per pound, halibut for $6 per pound, and flounder for $3 per pound. Allocate joint costs based on relative sales values. With these costs, what is the profit associated with each type of fish? (Round relative sales value proportion percent to 3 decimal places, s. 32.954% and final answers to decimal places, es. 125.) Profit Salmon $ 115076.923 Halibut $ 107021539 Flounder $ 84581538
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