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Question - Pluto Company sells a product for $80 per unit. Variable costs are $25 per unit and fixed costs are $4,000 per month. Pluto sold 2,000 units in October, 2014. Make an income statement for October using the contribution margin format.
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Question - What is the present value of $7,160 to be received at the end of each of 18 periods, discounted at 5% compound interest?
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