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Slotnick Chemical received $350,000 from customers as deposits on returnable containers during 2021. Ten percent of the containers were not returned. The deposits are based
Slotnick Chemical received $350,000 from customers as deposits on returnable containers during 2021. Ten 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 $9,074. $12,250. $0. O$35,000
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