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The following information applies to the questions displayed below Shown here are condensed Income statements for two different companles (both are organized as LLCs and
The following information applies to the questions displayed below Shown here are condensed Income statements for two different companles (both are organized as LLCs and pay no Income taxes). Miller Company Sales Variable expenses (80%) $1,300,000 1,040,000 Income before Interest Interest expense (fixed) 260,000 60,000 Net Income $200,000 Weaver Company Sales Variable expenses (60%) $1,300,000 780,000 Income before Interest 520,000 320,000 Net Income $ 200,000
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