Mitch corporations contribution margin ratio is 14 and its, Ask an Expert

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Mitch Corporation's contribution margin ratio is 14% and its fixed monthly expenses are $87,000. If the company's sales for a month are $678,000, what is the best estimate of the company's net operating income? Assume that the fixed monthly expenses do not change.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M972928

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