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Problem 1: Compute the OPT A. Star Bus Company (a domestic common carrier) has the following data for the first quarter of the current year.
Gross receipts, passenger operations 8,000,000
Gross revenue from cargo operations 5,000,000
Expenses, passenger operations 4,750,000
Expenses, cargo operations 2,500,000
Gross receipts - rental of facilities 2,000,000
Additional information:
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