Rainbow Paints operates a chain of retail paint stores. Although the paint is sold under...

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Accounting

Rainbow Paints operates a chain of retail paint stores. Although the paint is sold under the Rainbow label, it is purchased from an independent paint manufacturer. Guy Walker, president of Rainbow Paints, is studying the advisability of opening another store. His estimates of monthly costs for the proposed location are as follows:
Fixed costs:
\table[[Occupancy costs,$3,160
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