QUESTION 8 Assume the following information for a merchandising company: $ 24,000 Net operating income Variable selling expenses $ 25,000 Cost of goods sold $285,000 Fixed administrative expenses $ 50,000 Fixed selling expenses $ 40,000 Variable administrative expenses $5,000 What are the company's sales? $429,000 $405.000 $453,000 $479,000

QUESTION 8 Assume the following information for a merchandising company: $ 24,000 Net operating income Variable selling expenses $ 25,000 Cost of goods sold $285,000 Fixed administrative expenses $ 50,000 Fixed selling expenses $ 40,000 Variable administrative expenses $5,000 What are the company's sales? $429,000 $405.000 $453,000 $479,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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