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.
Ran Floor and Rugs sells handmade Oriental rugs for $825 each and machine-made rugs for $265 each. Customers buy two times as many machine-made rugs as handmade rugs.
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Variable costs as a percentage of sales for Leamon Inc. are 77%, current sales are $567,804. and fixed costs are $180,873. How much will operating income change if sales increase by $49,877?
Discuss why a Limited Liability Company (LLC) has become an attractive alternative to a traditional partnership. Give an example of an organization that would likely fit the LLC model.
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Plano Industries uses the weighted-average method in its process costing system. The Assembly Department of Plano Industries reported the following information for the month of November.
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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