Need help with this question solution general accounting Medway Corporation has a contribution margin ratio of 58% and fixedmonthly expenses of $52,000. If the fixed monthly expenses remainconstant, what is the best estimate of the company's net operatingincome in a month when sales are $145,000?

Step 1: Definition of Net Operating Income Calculation Using Contribution Margin Net operating…

Answered: Medway Corporation has a contribution…

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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Medway Corporation has a contribution margin ratio of 58% and fixed monthly expenses of $52,000. If the fixed monthly expenses remain constant, what is the best estimate of the company's net operating income in a month when sales are $145,000?