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Assume the following information for a merchandising company: Contribution margin $ 106,000 Variable selling expenses $ 25,000 Net operating income $ 30,000 Fixed administrative expenses
Assume the following information for a merchandising company:
| Contribution margin | $ 106,000 |
|---|---|
| Variable selling expenses | $ 25,000 |
| Net operating income | $ 30,000 |
| Fixed administrative expenses | $ ? |
| Fixed selling expenses | $ 40,000 |
| Variable administrative expenses | $ 5,000 |
What is the amount of fixed administrative expenses?
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Business And Professional Ethics
Authors: Leonard J Brooks, Paul Dunn
8th Edition
1337514462, 9781337514460
