Creswell Corporation's fixed monthly expenses are $26,000 and Its contribution margin ratio is 60%. 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 $84,000? Multiple Choice O $7,600 $50,400 $24.400 $58.000
Creswell Corporation's fixed monthly expenses are $26,000 and Its contribution margin ratio is 60%. 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 $84,000? Multiple Choice O $7,600 $50,400 $24.400 $58.000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Creswell Corporation's fixed monthly expenses are $26,000 and Its contribution margin ratio is 60%. 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 $84,000?
Multiple Choice
O
$7,600
$50,400
$24.400
$58.000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc8891ada-72fd-494a-9edf-f8be9bf0632d%2F86f88d69-f502-42f3-a92d-8ba84bc427f3%2F1ops7j_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Creswell Corporation's fixed monthly expenses are $26,000 and Its contribution margin ratio is 60%. 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 $84,000?
Multiple Choice
O
$7,600
$50,400
$24.400
$58.000
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