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Concord Corporation had sales of $520000, variable costs of $540000, and direct fixed costs totaling $100000. The company's average operating assets total $940000 and its

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Concord Corporation had sales of $520000, variable costs of $540000, and direct fixed costs totaling $100000. The company's average operating assets total $940000 and its required return is 16%. What is the company's residual income? $389600$150400$369600$270400

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