Question: A news story described the disappointing sales of a new
A news story described the disappointing sales of a new model car, the Jupiter. An auto dealer said, “Even if the Jupiter is a little slow to move out of dealerships, it is more of a plus than a minus. . . . We’re now selling 14 more cars per month at $20,000 per car. That’s $280,000 more income.” Is the dealer confused about accounting terms? Explain.
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