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[The following information applies to the questions displayed below.) The Fashion Shoe Company operates a chain of women's shoe shops that carry many styles of

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[The following information applies to the questions displayed below.) 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 $3 30.00 Variable expenses: Invoice cost Sales commission Total variable expenses $9.50 5.50 $15.00 Annual Fixed expenses Advertising Rent Salaries Total fixed expenses $36.000 23,000 130.000 $ 189.000 3. If 12.100 pairs of shoes are sold in a year, what would be Shop 48's net operating income (lossy

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