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The Fashion Shoe Company operates a chain of women's shoe shops that carry many styles of shoes that are all sold at the same price.

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The Fashion Shoe Company operates a chain of women's shoe shops that carry many styles of shoes that are all sold at the same price. Sales personnel in the shops are paid a sales commission on each pair of shoes sold plus a small base salary The following data pertains to Shop 48 and is typical of the company's many outlets Per Pair of Shoes Selling price 25.00 Variable expenses: Invoice cost 11.50 Sales commission 3.50 Total variable expenses $ $ $ 15.ee Annual Fixed expenses: Advertising Rent Salaries Total fixed expenses $ 44,000 34,eee 178, eee $ 248,000 3. If 24,000 pairs of shoes are sold in a year, what would be Shop 48's net operating income foss)

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