A TV company produces wall mounts for flat screen tv's. The forecasted income statement for 2009 follows:
Sales ($48 per unit) $4,800,000
Cost of good sold ($32 per unit) (3,200,000)
Gross profit 1,600,000
Selling expenses ($4 per unit) (400,000)
Net income $1,200,000
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a. of the production costs ...
DATE
Question answered on Jul 22, 2018
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