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At a Sales Level of $300,000, James Company's Gross Margin

Question 13

Multiple Choice

At a sales level of $300,000, James Company's gross margin is $15,000 less than its contribution margin, its net income is $50,000, and its selling and administrative expenses total $120,000. At this sales level, its contribution margin would be?


A) $185,000.
B) $155,000.
C) $250,000.
D) $170,000.

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