FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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- Sarratt Corporation's contribution margin ratio is 70% and its fixed monthly expenses are $38,000. Assume that the company's sales for May are expected to be $97,000. Required: Estimate the company's net operating income for May, assuming that the fixed monthly expenses do not change. Net operating incomearrow_forwardI Need Answerarrow_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_forward
- Binford Corporation's contribution margin ratio is 58%, and its fixed monthly expenses are $94,000. Assume that the company's sales for May are expected to be $178,000.Required: Estimate the company's net operating income for May, assuming that the fixed monthly expenses do not change. There is not a word length requirement for this question; however, you must show your work.arrow_forwardYour Corporation's fixed monthly expenses are $18,500 and its contribution margin ratio is 62%. 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 $62,000? a) $38,440 b) $19,940 c) $5,060 d)$23,560arrow_forwardCreswell Corporation's fixed monthly expenses are $31,000 and it's contribution margin ratio is 65%...arrow_forward
- 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. $66,000arrow_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_forwardYour Corporation’s contribution margin ratio is 29% and it’s fixed monthly expenses are $17,000. If the company’s sales for a month are $98,000, what is the best estimate of the company’s net operating income?arrow_forward
- Creswell 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_forwardBolding 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?arrow_forwardGayne Corporation's contribution margin ratio is 19% and its fixed monthly expenses are $50,500. If the company's sales for a month are $312,000, what is the best estimate of the company's net operating income? Assume that the fixed monthly expenses do not change. Multiple Choice $202,220 $8,780 $261,500 $59,280arrow_forward
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