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What total selling expenses for the month of february are

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Problem 1: The Central Division for Chemical Company has a return on investment of 25% and an investment turnover of 1.94. The profit margin is

a. 12.89%
b. 10.31%
c. 15.46%
d. 19.33%

Problem 2: For February, sales revenue is $571,000, sales commissions are 7% of sales, the sales manager's salary is $87,700, advertising expenses are $81,600, shipping expenses total 3% of sale, and miscellaneous selling expenses are $2,300 plus 1/2 of 1% of sales. Total selling expenses for the month of February are

a. $231,555
b. $211,570
c. $228,700
d. $171,600

Reference no: EM132805858

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