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Maack Corporation's contribution margin ratio is 18% and its fixed monthly expenses are $53,000. If the company's sales for a month are $317,000, what is the best estimate of the company's net operating income? Assume that the fixed monthly expenses do not change. a. $206,940 b. $4,060 c. $264,000 d. $57,060

Maack Corporation's contribution margin ratio is 18% and its fixed monthly expenses are $53,000. If the company's sales for a month are $317,000, what is the best estimate of the company's net operating income? Assume that the fixed monthly expenses do not change. a. $206,940 b. $4,060 c. $264,000 d. $57,060

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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Hi teacher please help me this question general accounting

Maack Corporation's contribution margin ratio is 18% and its fixed monthly expenses are $53,000. If the company's sales for a month are $317,000, what is the best estimate of the company's net operating income? Assume that the fixed monthly expenses do not change. a. $206,940 b. $4,060 c. $264,000 d. $57,060
Transcribed Image Text:Maack Corporation's contribution margin ratio is 18% and its fixed monthly expenses are $53,000. If the company's sales for a month are $317,000, what is the best estimate of the company's net operating income? Assume that the fixed monthly expenses do not change. a. $206,940 b. $4,060 c. $264,000 d. $57,060
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