Gayne Corporation's contribution margin ratio is 19% and its fixed monthly expenses are $50,500. If the company's sales for a month are $312,000, what is the best estimate of the company's net operating income? Assume that the fixed monthly expenses do not change. Multiple Choice O O O $202,220 $8,780 $261,500 $59.280

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Gayne Corporation's contribution margin ratio is 19% and its fixed monthly expenses are $50,500. If the company's sales for a month are $312,000, what is the best estimate of the
company's net operating income? Assume that the fixed monthly expenses do not change.
Multiple Choice
$202,220
$8,780
$261,500
$59,280
Transcribed Image Text:Gayne Corporation's contribution margin ratio is 19% and its fixed monthly expenses are $50,500. If the company's sales for a month are $312,000, what is the best estimate of the company's net operating income? Assume that the fixed monthly expenses do not change. Multiple Choice $202,220 $8,780 $261,500 $59,280
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