Problemmaack corporations contribution margin ratio is 18, Ask an Expert

Accounting

Problem

Maack Corporation's contribution margin ratio is 18% and its fixed monthly expenses are $53,500. If the company's sales for a month are $318,000, 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.:- M92747270

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