Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN: 9781947172609
Author: OpenStax
Publisher: OpenStax College
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Creswall corporation fixed monthly expenses solve this accounting questions

Creswell Corporation's fixed monthly expenses are
$29,000 and its contribution margin ratio is 56%.
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
$95,000?
a. $12,800
b. $24,200
c. $53,200
d. $66,000
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Transcribed Image Text:Creswell Corporation's fixed monthly expenses are $29,000 and its contribution margin ratio is 56%. 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 $95,000? a. $12,800 b. $24,200 c. $53,200 d. $66,000
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Principles of Accounting Volume 2
Accounting
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax College