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At a sales level of $300,000, James Company's gross margin is $15,000 less than its...

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Accounting

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At a sales level of $300,000, James Company's gross margin is $15,000 less than its contribution margin, its operating income is $50,000, and its total selling and administrative expenses are $120,000. At this sales level, what is the company's contribution margin? $250,000. $185,000. $155,000. $170,000

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