Cassidy Products Inc.is considering eliminating Model EOS1 from its product line because of losses over the past quarter.The past three months of information for model EOS1 is summarized below:
Manufacturing costs:
Support costs are 70% variable and the remaining 30% is depreciation of special equipment for model EOS1 that has no resale value.
Should Cassidy eliminate Model EOS1 from its product line? Why or why not?
Definitions:
Credit Card Theft
The unauthorized use, theft, or misappropriation of someone's credit card information for the purpose of making unauthorized purchases or transactions.
Equal Credit Opportunity Act
A U.S. federal law that prohibits discrimination in granting credit to consumers based on race, color, religion, national origin, sex, marital status, age, or because they receive public assistance.
Creditors
Individuals or institutions that lend money or extend credit and are owed money by debtors.
Credit Request
An application for borrowing money or obtaining goods or services with the promise to pay back at a later time.
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