Multiple Choice
Mitch Corporation's contribution margin ratio is 14% and its fixed monthly expenses are $87,000. If the company's sales for a month are $678,000, what is the best estimate of the company's net operating income? Assume that the fixed monthly expenses do not change.
A) $591,000
B) $496,080
C) $94,920
D) $7,920
Correct Answer:
Verified
Correct Answer:
Verified
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