What was the income from operations
If the contribution margin ratio for Lyndon Company is 37%, sales were $470,387. And fixed costs were $107,874, what was the income from operations?
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Grain & Fiber Foods (GFF) produces granola cereal for sale to large grocery stores. As part of the production process, GFF uses large quantities of corn, oats, wheat, and soybeans.
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At the beginning of the year, Logan Services purchased a used airplane for $65,000,000. Logan Services expects the plane to remain useful for 4 years (6 million miles) and to have a residual value of $5,000,000.
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