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Jen and Barry's ice cream shop charges $1.35 for a cone. Variable expenses are $0.23 per cone, and fixed costs total $2,500 per month. A

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Jen and Barry's ice cream shop charges $1.35 for a cone. Variable expenses are $0.23 per cone, and fixed costs total $2,500 per month. A Valentine's Day promotion is being planned for the second week of February. During this week, a person buying a cone at the regular price would receive a free cone for a friend. It is estimated that 700 additional cones would be sold and that 900 cones would be given away. Advertising costs for the promotion would be $155. Required: a. Calculate the effect of the promotion on operating income for the second week of February. b. Do you think the promotion should occur

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