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Slotnick Chemical received $340,000 from customers as deposits on returnable containers during 2021. Fourteen percent of the containers were not returned. The deposits are based
Slotnick Chemical received $340,000 from customers as deposits on returnable containers during 2021. Fourteen percent of the containers were not returned. The deposits are based on the container cost marked up 35%. How much profit did Slotnick realize on the forfeited deposits? (Do not round Intermediate calculations.) Multiple Choice $12.341. $16,660 $47,600. $0
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