P22-2A Hytek Company bottles and distributes Livit, a diet soft drink. The beverage is sold...
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Accounting
P22-2A Hytek Company bottles and distributes Livit, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2012, management estimates the following revenues and costs.
Net sales $1,800,000 Selling expenses
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