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At a sales level of $190,000, Kelfer Corp's gross margin is $15,000 less than its contribution margin, its net operating income is $30,000 and its selling and admin expenses is $70,000. At this sales level, its contribution margin would be.

A.) $100,000

B.) 160,000

C.) 85,000

D.) 115,000

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M945950

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