Best estimate of the company total operating income, Accounting Basics

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Best estimate of the company total operating income

Jilk Inc.'s contribution margin ratio is 58% 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 $103,000?

a. $23,740

b. $59,740

c. $67,000

d. $7,260

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Accounting Basics: Best estimate of the company total operating income

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Accounting Basics: Best estimate of the company total operating income

Reference No:- TGS096880

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Journal entry to record the transaction problem

Q : Problem based on depreciable asset

Q : What is the amount of the minimum annual lease payment

Q : Fundamentals of capitalized lease

Q : Best estimate of the company total operating income

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Q : What is dog huts break-even point

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Best estimate of the company total operating income

Reference No:- TGS096880

Recent Questions Asked Accounting Basics

Q : Journal entry to record the transaction problem

Q : Problem based on depreciable asset

Q : What is the amount of the minimum annual lease payment

Q : Fundamentals of capitalized lease

Q : Best estimate of the company total operating income

Q : Amount of cash for the payment of dividends

Q : What is dog huts break-even point

Q : Compute the price of the bonds on their issue date

Q : How would total costs of personnel be classified

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