Multiple Choice
Jilk Incorporated's contribution margin ratio is 61% and its fixed monthly expenses are $43,000. 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 $128,000?
A) $78,080
B) $6,920
C) $35,080
D) $85,000
Correct Answer:
Verified
Correct Answer:
Verified
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