The MME Company produces and sells bicycles. In 2015 the company sold 48,100 bicycles for $68 .25

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The MME Company produces and sells bicycles. In 2015 the company sold 48,100 bicycles for

$68 .25 each.Direct labor is $22.55 per bicycle and material is $24.75.In addition, $128,050 was

paid for indirect laborand$26,000waspaidforutilities.The company has outstanding debt of

$650,000 at an average interest rate of 15%. The corporate tax rate is 38%. Last year the net income for the MME Company was $350,000.

a.Calculate the depreciation expense for 2015.

b.How much money (cash) does the company have?

Posted Date: Jun 25, 2024 09:26 PM

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The MME Company produces and sells bicycles. In 2015 the company sold 48,100 bicycles for $68 .25

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