Emery Mining Inc. recently reported $150,000 of sales, $75,500 of cost of goods sold, and $10,200 of depreciation. The company has $16,500 of outstanding bonds that carry a 7.25% interest rate, and its income tax rate was 35%.
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Bed & Bath, a retailing company, has two departments, Hardware and Linens. The company's most recent monthly contribution format income statement follows:Department Total Hardware LinensSales $ 4,220,000 $ 3,020,000 $ 1,200,000Variable expenses
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