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Assume the following information for a merchandising company: Net operating income Variable selling expenses Cost of goods sold Fixed administrative expenses Fixed selling expenses Variable
Assume the following information for a merchandising company: Net operating income Variable selling expenses Cost of goods sold Fixed administrative expenses Fixed selling expenses Variable administrative expenses $ 25,000 $ 25,000 $285,000 $ 50,000 $ 40,000 $ 5,000 What are the company's sales? Multiple Choice $455,000 $405,000 $430,000 $480,000
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