Multiple Choice
Bolding Inc.'s contribution margin ratio is 61% and its fixed monthly expenses are $42,000. 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 $126,000?
A) $76,860
B) $7,140
C) $34,860
D) $84,000
Correct Answer:
Verified
Correct Answer:
Verified
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