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Calculate the operating income for a company with the following data: Sales revenue $500,000, Cost of goods sold $200,000, Selling expenses $50,000, Administrative expenses $30,000,
Calculate the operating income for a company with the following data: Sales revenue $500,000, Cost of goods sold $200,000, Selling expenses $50,000, Administrative expenses $30,000, Other operating revenues $10,000, and Other operating expenses $5,000. Analyze the components of operating income and their impact on the company's financial performance. Discuss strategies for optimizing operating income through cost management and revenue enhancement initiatives.
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