Math The Neveau Corporation spent $8,937,250 on research last year. It spent 30 percent on consumer research,
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Math The Neveau Corporation spent $8,937,250 on research last year. It spent 30 percent on consumer research, 25 percent on pure research, and the remainder on applied research. The company’s annual sales for the last year were $297,550,000.
a. What percentage of sales did the company spend on research?
b. How much did the company spend on each of the three types of research?
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Related Book For 
Business Principles And Management
ISBN: 9781111571726
12th Edition
Authors: James L. Burrow, Kenneth E. Everard, Brad Kleindl
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