FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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- Jilk Inc's contribution margin ratio is 61% and its fixed monthly expenses are $47,500. 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 $137,000?arrow_forwardJilk Incorporated's contribution margin ratio is 61% and its fixed monthly expenses are $45,500. 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 $133,000?arrow_forwardCreswell Corporation's fixed monthly expenses are $25,500 and its contribution margin ratio is 68%. 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 $83,000? Multiple Choice O $57,500 $56,440 $1,060 $30,940arrow_forward
- Great Inc.'s contribution margin ratio is 48% and its fixed monthly expenses are $36,000. 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 $140,000? A. $13,440 B. $23,740 C. $67,000 D. $31,200arrow_forwardMaack Corporation's contribution margin ratio is 18% and its fixed monthly expenses are $49,000. If the company's sales for a month are $309,000, what is the best estimate of the company's net operating income? Assume that the fixed monthly expenses do not change. a. $6,620 b. $204,380 c. $55,620 d. $260,000arrow_forwardA company's contribution margin ratio is 18% and its fixed monthly expenses are $49,000. If the company's sales for a month are $309,000, what is the best estimate of the company's net operating income? Assume that the fixed monthly expenses do not change. Multiple Choice $204,380 $6,620 $260,000 $55,620 s Prouarrow_forward
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