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Assume the following information for a merchandising company: Contribution margin Variable selling expenses Net operating income Fixed administrative expenses $ 104,000 $ 25,000 Fixed

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Assume the following information for a merchandising company: Contribution margin Variable selling expenses Net operating income Fixed administrative expenses $ 104,000 $ 25,000 Fixed selling expenses Variable administrative expenses What is the amount of fixed administrative expenses? $ 30,000 $ ? $ 40,000 $ 5,000 Multiple Choice $64,000 $34,000 $74,000 $44,000

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