Scobie corporations fixed monthly expenses are 16000 and, Ask an Expert

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Scobie Corporation's fixed monthly expenses are $16,000 and its contribution margin ratio is 57%. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $69,000?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M981572

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