9-20. Dropping a Product. Dick Price, an old prospector, runs a side business. He buys...
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9-20. Dropping a Product. Dick Price, an old prospector, runs a side business. He buys rattlesnakes from "snake hunters" in west Texas, paying an average of $10 per snake Each snake comes complete. He produces canned snake meat, cures hides, and makes souvenir rattles. At the end of a recent season, Dick is evaluating his financial results: Meat Hi des Rattles Total $30,000 $8,000$2,000 $40,000 1,200 24,000 $800 $16,000 $600 $7,500 5,000 $10,000 $1,500 $1,000 $12,500 Operating income (loss) $2,000 $1,700 (200 $3,500 Sales 4,800 $12,000 $3,200 $900 600 Cost of snakes 18,000 Gross profit Processing expenses $6,000 4,000 400 Common expenses Operating expense:s
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