Homework Answers
Solution:
Company's sales = Net operating income + Variable selling expenses + Fixed selling expenses + Variable administrative expenses + Fixed administrative expenses + Cost of goods sold
= $25,000 + $25,000 + $40,000 + $5,000 + $50,000 + $285,000
= $430,000
Hence 3rd option is correct.
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Assume the following information for a merchandising company: Net operating income Variable selling expenses Cost of...
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