FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Bolding Inc's contribution margin ratio is 64% and its
fixed monthly expenses are $44,500. 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 $131,000?
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Transcribed Image Text:Bolding Inc's contribution margin ratio is 64% and its fixed monthly expenses are $44,500. 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 $131,000?
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