Frodic Corporation has budgeted sales and production over the next quarter as follows: July August September Sales in units 40,000 52,000? Production in units 41,200 52,300 56,650 The company has 4,000 units of product on hand at July 1.
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Concord Corporation had income from operations of $6,545,600. In addition, it suffered an unusual and infrequent pretax loss of $787,700 from a volcano eruption, interest revenue of $17,250, and a write-down on buildings of $49,730.
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