Problembolding incs contribution margin ratio is 61 and its, Ask an Expert

Accounting

Problem:

Bolding Inc.'s contribution margin ratio is 61% and its fixed monthly expenses are $47,500. Assuming that the fixed monthly expenses do not change,

Required:

Question: What is the best estimate of the company's net operating income in a month when sales are $137,000?

$83,570
$5,930
$36,070
$89,500

Note: Be sure to show how you arrived at your answer.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91165391

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