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Gucci produces swimming trunks. The average selling price of one of the company's swimming trunks is $82.52. The variable cost per unit is $26.82, and Gucci has average fixed costs per year of $10981.
What would be the operating profit or loss associated with the production and sale of 495 swim trunks?
Please show your work.
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What is the purpose of having a correspondent bank relationship? Discuss the advantages and disadvantages of a bank holding less cash.
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