Creswell corporation...Accounting question Creswell Corporation's fixed monthly expenses are $31,000and its contribution margin ratio is 65%. Assuming that thefixed monthly expenses do not change, what is the bestestimate of the company's net operating income in a monthwhen sales are $94,000?a. $1,900b. $61,100C. $30,100d. $63,000

Step 1: Define Operating IncomeThe operating income is equal to the difference between operating…

Answered: Creswell Corporation's fixed monthly…

Principles of Accounting Volume 2

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ISBN:9781947172609

Author:OpenStax

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Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 23MC: If a firm has a contribution margin of $78M90 and a net income of $13,700 for the current month,...

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Creswell Corporation's fixed monthly expenses are $29,000 and its contribution margin ratio is 56%. 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 $95,000? a. $12,800 b. $24,200 c. $53,200 d. $66,000
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Creswell Corporation's fixed monthly expenses are $31,000 and its contribution margin ratio is 65%. 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 $94,000? a. $1,900 b. $61,100 C. $30,100 d. $63,000