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TYUqnn2077
TYUqnn2077
26.06.2020 • 
Business

The condensed income statement for a business for the past year is presented as follows: Product F G H Total Sales $300,000 $220,000 $340,000 $860,000 Less variable costs 180,000 190,000 220,000 590,000 Contribution margin $120,000 $ 30,000 $120,000 $270,000 Less fixed costs 50,000 50,000 40,000 140,000 Income (loss) from operations $ 70,000 $(20,000) $ 80,000 $130,000 Management is considering the discontinuance of the manufacture and sale of product G at the beginning of the current year. The discontinuance would have no effect on the total fixed costs and expenses or on the sales of products F and H. What is the amount of change in net income for the current year that will result from the discontinuance of product G

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