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Please help me answer this question: Thalassines Kataskeves, SA, of Greece makes marine equipment. The company has been experiencing losses on its bilge pump product

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Thalassines Kataskeves, SA, of Greece makes marine equipment. The company has been experiencing losses on its bilge pump product line for several years. The most recent quarterly contribution format income statement for the bilge pump product line follows: Thalassines Kataskeves, S.A. Income StatementBilge Pump For the Quarter Ended March 31 Sales $ 470,000 Variable expenses: Variable manufacturing expenses $ 123,000 Sales commissions 46,000 Shipping 16,000 Total variable expenses 135,000 Contribution margin 285,000 Fixed expenses: Advertising (for the bilge pump product line) 29,000 Depreciation of equipment (no resale value) 112,000 General factory overhead 47,000* Salary of productline manager 119,000 Insurance on inventories 6,000 Purchasing department 52,000T Total fixed expenses 365,000 Net operating loss $ (80,000) [ *Common costs allocated on the basis of machine-hours. 1'Common costs allocated on the basis of sales dollars. Discontinuing the bilge pump product line would not affect sales of other product lines and would have no effect on the company's total general factory overhead ortotal Purchasing Department expenses. Required: What is the nancial advantage (disadvantage) of discontinuing the bilge pump product line

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