Stylish Sitting is a retailer of office chairs located in San Francisco, California. Due to...
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Stylish Sitting is a retailer of office chairs located in San Francisco, California. Due to increased market competition, the CFO of Stylish Sitting has grown worried about the firm's upcoming income stream. The CFO asked you to use the company financial information provided below. Sales $77.00 Per-unit variable costs Invoice cost $42.70 Sales commissions $18.40 Total per unit variable costs $61.10 Total annual fixed costs Advertising $55,800 Rent $80,000 Salaries $228,100 Total fixed costs $363,900 If 41,000 office chairs were sold, Stylish Sitting's operating income would be: $288,000 $273,600 $432,000 $316,800 $259,200
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