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Tjelmeland Corporation is considering dropping product S85U. Data from the company's accounting system appear below:
Sales....................................................... $350,000variable expenses.........................................158,000fixed manufacturing expenses...........................119,000fixed selling and administrative expenses.............. 94,000All fixed expenses of the company are fully allocated to products in the company's accounting system. Further investigation has revealed that $55,000 of the fixed manufacturing expenses and $71,000 of the fixed selling and administrative expenses are avoidable if product S85U is discontinued.i. According to the company's accounting system, what is the net operating income earned by product S85U? Show your work!ii. What would be the effect on the company's overall net operating income of dropping product S85U? Should the product be dropped?
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The incremental borrowing rate for the lessee is 10%; the lessor's implicit rate is 8% and is known by the lease. The present value of an annuity due of 1 for six years at 10% is 4.79079. The present value of an annuity due of 1 for six years at 8..
cruz company deposits all cash receipts on the day when they are received and it makes all cash payments by check. at
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