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Jilk Inc.'s contribution margin ratio is 61% and its fixed monthly expenses are $51,500. 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 $145,000? Multiple Choice ● $88,450 $36.950 $93,500 • $5,050

Jilk Inc.'s contribution margin ratio is 61% and its fixed monthly expenses are $51,500. 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 $145,000? Multiple Choice ● $88,450 $36.950 $93,500 • $5,050

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Jilk Inc.'s contribution margin ratio is 61% and its fixed monthly expenses are $51,500. 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 $145,000? Multiple Choice ● ● $88,450 $36,950 $93,500 $5,050
Transcribed Image Text:Jilk Inc.'s contribution margin ratio is 61% and its fixed monthly expenses are $51,500. 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 $145,000? Multiple Choice ● ● $88,450 $36,950 $93,500 $5,050
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